Pinterest cuts nearly 15% of its jobs to invest in AI
- Location
- USA · 🇺🇸 USA
- Company
- Sector
- IT / Software
Pinterest is cutting just under 15% of its jobs. The savings are to be invested in artificial intelligence (AI). Pre-tax restructuring costs: $35-45 mn. Share reaction: the stock fell by a good 3% before the start of US trading.
Source: cnbc.com ↗ · Archived copy ↗
Evidence: one source · How well sourced is Eurotrack?
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