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Pinterest has announced plans to lay off less than 15% of its workforce and reduce office space. Pinterest shares slipped about 3% in premarket trading following the announcement, CNBC reported. Pinterest had more than 4,500 employees worldwide as of April 2025, according to a recent proxy filing. The company said it expects to record pre-tax restructuring charges of about $35 million to $45 million.
In a securities filing, Pinterest said it expects the cuts to be complete by the end of its third quarter in late September. The social media company said it’s “reallocating resources” to AI-focused teams and prioritising “AI-powered products and capabilities”. In its SEC filing about restructuring, Wanji Walcott, the company’s chief legal and business affairs officer and corporate secretary, wrote, “On January 26, 2026, the Company announced the board-approved global restructuring plan (the “Plan”) that includes a reduction in force that is expected to affect less than 15% of the Company’s workforce as well as office space reductions.
This move comes as the company looks to shift its resources toward artificial intelligence (AI) development and implementation. Pinterest also indicated it’s reshaping its sales and marketing strategy as part of the reorganisation.