Pinterest CEO Bill Ready lashed out at staffers who created an internal tool to track layoffs at the company, and fired those involved.

The company said it would use the cost savings to partly fund AI-focused roles and teams.

The company said it's "reallocating resources" to roles and teams focused on artificial intelligence.

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.

Social commerce platform Pinterest (NYSE: PINS) will be reporting earnings this Thursday after market close. Here’s what investors should know. Pinterest met analysts’ revenue expectations last ...

Pinterest plans to lay off less than 15% of its workforce as part of a restructuring that shifts more resources toward artificial intelligence.

By Jaspreet Singh Jan 27 (Reuters) - Pinterest will trim less than 15% of its workforce, the social media platform said on ...

Shares fell 8% after announcing workforce cuts under 15% to fund AI investments. Restructuring costs reach $45M maximum.

Fifteen percent of Pinterest employees are losing their jobs due to AI, continuing a trend spreading across various sectors.

Bill Ready called the engineers' behavior "obstructionist" after they created software to identify which employees were laid off during the company's restructuring.