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Pinterest (PINS) Sheds 9.6% on Workforce Layoff
Yahoo Finance· 2026-01-28 15:31
We recently published 10 Big Names With Painful Declines. Pinterest Inc. (NYSE:PINS) was one of the worst performers on Tuesday. 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 we ...
Pinterest Tops Growth Despite Announcing Restructuring And Job Cuts
Benzinga· 2026-01-28 13:13
Pinterest Inc. (NYSE:PINS) has surged into the upper echelon of growth stocks, according to Benzinga Edge data. However, it still faces significant bearish pressure, prompting a massive 15% workforce reduction and a strategic pivot toward AI to reverse its slumping price trends.Data Divergence: Elite Growth, Bottom-Tier MomentumThe latest Benzinga Edge rankings highlight a stark paradox in Pinterest’s profile. The company's growth score has jumped to 95.09, placing it in the 95th percentile against peers.Th ...
Stability in Q4 Generates Positive Views on Pinterest (PINS)
Yahoo Finance· 2026-01-28 11:57
Group 1 - Pinterest Inc (NYSE:PINS) is considered one of the best large-cap stocks under $100 with significant upside potential, with a revised price target of $32 indicating a potential upside of almost 24% [1] - Goldman Sachs analyst Eric Sheridan noted stability in the fourth quarter, supported by positive pricing per ad impression and strong seasonal ad budget allocations, leading to a bullish outlook on the company [2] - Morgan Stanley analyst Brian Nowak maintained an Overweight rating for Pinterest, revising the price target from $32 to $35, suggesting an upside of over 35% from the current level [3] Group 2 - Nowak's optimistic rating and price target revision are part of Morgan Stanley's 2026 outlook for internet stocks, predicting a favorable market for companies with positive ROIC, particularly those leveraging GenAI or GPU-enabled technologies [4] - Pinterest operates as an online visual search and discovery platform globally, allowing users to share and search for a variety of ideas, which includes engagement with advertisers as a key revenue source [5]
Pinterest to Slash Nearly 15% of Workforce in AI-Powered Restructuring
Yahoo Finance· 2026-01-28 11:48
Company Restructuring - Pinterest is reducing its workforce by nearly 15% as part of a strategic pivot towards artificial intelligence [1][2] - The restructuring plan, approved by the board, will affect fewer than 15% of employees and includes office space reductions [2] - The company aims to reallocate resources to AI-focused roles and teams, prioritizing AI-powered products and capabilities [3] Financial Impact - The restructuring is expected to incur charges between $35 million and $45 million, primarily in cash-related expenditures [4] - Despite the reduction in staffing, Pinterest plans to reinvest in key development areas and strategic opportunities [4] Industry Context - The announcement comes amid increasing warnings from AI industry leaders about potential workforce displacement due to AI advancements [5] - Other tech companies, such as Meta Platforms, are also restructuring their workforce to focus on AI, indicating a broader trend in the industry [7]
Meta(META.US)之后Pinterest(PINS.US)也“动刀”:宣布裁员近15% 资源全力投向AI
Zhi Tong Cai Jing· 2026-01-28 07:08
分析师Mandeep Singh和Robert Biggar在周二的研报中表示,Pinterest此次调整"可能意味着Pinterest将更 激进地投资AI能力建设,而这会对其毛利率造成压力"。 两位分析师还补充道,尽管AI领域的投入会带来短期成本压力,但有望推动公司广告定价能力提升 ——目前Pinterest在直接响应式广告领域,与Meta等头部竞争对手仍存在差距。 Wedbush分析师Scott Devitt认为,Pinterest此次官宣裁员,"与我们的研判一致:消费者对各类搭载AI的 竞争平台及智能电商工具的接受度不断提升,正给Pinterest带来日益加剧的市场威胁"。 他还表示:"目前判断这些举措能否缓解投资者的担忧仍为时过早,但我们对公司未来业绩预期的调整 倾向于下修。" Pinterest(PINS.US)宣布,计划裁员"近15%"并缩减办公场地,将资源重新调配至人工智能(AI)领域的布 局与投入。 根据提交给美国证券交易委员会的文件,这家内容搜索与发现平台预计此次调整将产生3500万至4500万 美元的税前相关支出,相关重组计划预计在2026年9月30日结束的第三季度末完成。据此前监管文件披 ...
Pinterest layoffs today: 15% of jobs cut as social media giant is latest to cite shift to AI
Fastcompany· 2026-01-27 19:31
Why is Pinterest cutting jobs? When reached for comment, a Pinterest spokesperson told Fast Company that it was "making organizational changes to further deliver on our AI-forward strategy, which includes hiring AI-proficient talent. As a result, we've made the difficult decision to say goodbye to some of our team members.†When reached for comment, Pinterest told Fast Company that it had around 5,200 employees as of December 2025. A 15% reduction then would result in approximately 780 jobs being lost. The ...
Pinterest Is Laying Off 15% of Its Staff. Should You Buy, Sell, or Hold PINS Stock Here?
Yahoo Finance· 2026-01-27 19:17
Pinterest (PINS) shares are slipping this morning after the forum social media platform confirmed plans of laying off nearly 15% of its workforce and right-sizing office space to free up resources. According to the company’s management, it will reallocate these resources to artificial intelligence (AI)-focused products, making the selloff essentially a buying opportunity for long-term investors. More News from Barchart At the time of writing, Pinterest stock is down more than 90% versus its 52-week hig ...
Pinterest Is Cutting ‘Less Than 15%’ of Workforce, Prioritizing AI. The Stock Plummets.
Barrons· 2026-01-27 18:19
Pinterest Is Cutting Its Workforce, Prioritizing AI. The Stock Falls. - Barron'sSkip to Main ContentThis copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.# Pinterest Is Cutting 'Less Than 15%' of Workforce, Prioritizing AI. The Stock Plummets.By [Nate Wolf]ShareResize---Reprint ...
Pinterest to Cut Roughly 15% of Staff in Shift to AI Focus
PYMNTS.com· 2026-01-27 17:58
Core Insights - Pinterest is laying off approximately 15% of its workforce, which translates to about 700 employees, as part of a restructuring plan focused on artificial intelligence [1][2][3] - The company aims to shift resources towards AI-focused roles and prioritize AI-powered products and capabilities [2][3] - Pinterest plans to complete this restructuring, which includes scaling back office space, by the end of the third quarter [3] Company Strategy - The restructuring is part of Pinterest's transformation initiatives, moving from a digital mood board to an "AI-powered visual-first shopping assistant" [3] - AI is now integral to nearly every aspect of Pinterest's platform, enhancing search, discovery, and shopping recommendations [3][4] - The introduction of the Pinterest Assistant aims to help users find products and ideas that align with their preferences, making the platform more actionable [4] Industry Context - Pinterest's layoffs are part of a broader trend in the tech industry, with other companies like Amazon and Meta also announcing significant job cuts to focus on AI and other strategic areas [5][6]
Pinterest shares plunge 10% as move to cut hundreds of jobs shocks investors
New York Post· 2026-01-27 17:53
Core Insights - Pinterest plans to reduce its workforce by less than 15%, translating to fewer than 780 positions, to focus on artificial intelligence roles and strategy [1][3] - The company's stock fell nearly 10% following its AI strategy announcement, indicating a lack of investor enthusiasm amid competition from TikTok and Meta-owned platforms [1][5] - Analysts suggest that the layoffs appear more defensive than strategic, lacking clear cost savings or a defined path to AI-driven revenue growth [2][7] Company Actions - Pinterest had 5,205 full-time employees as of September last year, and the job cuts will also involve closing smaller office spaces related to acquisitions [3] - The company expects pre-tax restructuring charges between $35 million and $45 million and aims to complete the restructuring plan by the end of the third quarter [7] Industry Context - Other companies, such as Autodesk, are also cutting jobs (7% of its workforce) to redirect investments towards AI initiatives, reflecting a broader trend in the tech industry [4] - The job cuts in the tech sector are part of a larger pattern, with over 123,000 employees laid off from 269 companies in 2025, as tracked by Layoffs.fyi [8]