Pinterest falls after announcing layoffs
ReutersJan 27, 2026 2:42 PM
Image-sharing platform Pinterest's PINS.N shares fall 5.4% to $24.50
Co to cut ~15% of its workforce, or less than 780 positions
Co looking to reallocate resources to AI-focused initiatives, plans to close smaller office spaces related to its acquisitions
Expects pre-tax restructuring charges between ~$35 million and ~$45 million
In 2025, PINS fell 10.7%
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