1 link tagged with all of: artificial-intelligence + restructuring + layoffs + pinterest + stock
Links
Pinterest will lay off less than 15% of its workforce and reduce office space as it focuses on artificial intelligence. The company expects restructuring costs of $35 million to $45 million and aims to enhance AI-driven features for users and marketers. Shares dropped over 9% following the announcement.
layoffs ✓
pinterest ✓
artificial-intelligence ✓
restructuring ✓
stock ✓