US EditionStricken games giant Ubisoft seeks rare French job cuts
Ubisoft targets nearly 20% of its Paris staff for voluntary departure amid a €300 million annual cost-cutting plan and studio closures due to financial losses.
- In a regulatory filing, the company said Pinterest will cut less than 15 percent of its workforce, affecting roughly 700 employees, with reductions complete by Sept. 30th, 2026.
- Company documents show Pinterest is reallocating resources to AI-focused roles and prioritizing AI-powered products to support three transformation initiatives, two connected to AI, and reshaping its sales and go-to-market approach.
- Alongside staff cuts, Pinterest will reduce office space and record pre-tax restructuring charges of $35,000,000 to $45,000,000, reflecting its investments in AI including Pinterest Assistant and AI-powered boards.
- Shares reacted with Pinterest stock falling more than 9% as of midday trading and the company said it plans to reinvest in key development areas and strategic opportunities.
- Industrywide, Pinterest has accelerated AI integration recently, with Bill Ready, Pinterest CEO, highlighting open-source AI models and the platform serving 600 million consumers.
149 Articles
149 Articles
SF's Pinterest lays off hundreds, citing need for 'AI-proficient talent'
Pinterest will lay off 15% of its workforce as platform pivots resources to AI
Pinterest plans to lay off under 15% of its workforce, as part of broader restructuring that arrives as the image-sharing platform pivots more of its money to artificial intelligence. In a Tuesday securities filing, San Francisco-based Pinterest said it was making these cuts to support “transformation initiatives” — which include…
Pinterest to lay off staff and shift resources to AI
The social media platform Pinterest is laying off as many as 675 workers, according to a new report from CNBC.Why? Because the company is shifting its focus to AI, at least, in part.In a securities filing submitted earlier this month, Pinterest specifically cited AI as one of the reasons for the planned reduction in force. The filing states that Pinterest plans on "reallocating resources" to teams with an AI focus and prioritizing "AI-powered pr…
Facebook rival's shares plunge 10% as move to cut hundreds of jobs shocks investors
Pinterest will trim less than 15% of its workforce, the social media platform said Tuesday, as it plans to reallocate resources to its artificial intelligence-focused roles and strategy.
The company generates revenue through advertising on its platform and has been hurt by a recent decline in spending by large companies.
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