Pinterest (PINS) Sheds 9.6% on Workforce Layoff [Yahoo! Finance]
Pinterest, Inc. Class A (PINS)
Company Research
Source: Yahoo! Finance
Pinterest fell by 9.61 percent on Tuesday to close at $23.41 apiece as investors took path from news that it would let go of 15 percent of its total workforce and slowly transition to artificial intelligence. In a regulatory filing, Pinterest Inc. (NYSE:PINS) said that its board of directors approved a global restructuring plan that would see the layoff of several workers as well as the reduction of office spaces. It said the initiative is expected to spend around $35 million to $45 million. Photo by Souvik Banerjee on Unsplash “The company is taking these actions to support its transformation initiatives, including but not limited to reallocating resources to AI-focused roles and teams that drive AI adoption and execution, prioritizing AI-powered products and capabilities, and accelerating the transformation of its sales and go-to-market approach,” Pinterest Inc. (NYSE:PINS) said. “Although the company is reducing its overall staffing levels with these actions in the near te
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PINS
News
- Pinterest Appoints Kecia Steelman to Board of DirectorsBusiness Wire
- INVESTOR ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Pinterest, Inc. – PINSGlobeNewswire
- Pinterest (NYSE:PINS) was given a new $35.00 price target on by analysts at Mizuho.MarketBeat
- Pinterest (NYSE:PINS) was given a new $35.00 price target on by analysts at KeyCorp.MarketBeat
- Pinterest (NYSE:PINS) was upgraded by analysts at Zacks Research from a "strong sell" rating to a "hold" rating.MarketBeat
PINS
Earnings
- 11/4/25 - Beat
PINS
Sec Filings
- 2/9/26 - Form 8-K
- 2/3/26 - Form 4
- 2/2/26 - Form 144
- PINS's page on the SEC website