Pinterest is cutting less than 15% of its workforce to focus on AI roles. Shares dropped 10% as investors were unimpressed. Analysts question the strategic value of the cuts. The company had 5,205 employees in September, with less than 780 positions being cut.

At the World Economic Forum, executives discussed job losses as AI becomes more prevalent. Autodesk also announced job cuts to invest in AI. Companies face pressure to justify AI spending. Pinterest is introducing new shopping tools and ad suites. The restructuring plan will incur $35-45 million in charges.

Layoffs.fyi estimated over 123,000 tech employees were laid off in 2025. Companies are reallocating resources to AI, leading to job cuts. Pinterest is facing increased competition from TikTok and Meta. The company aims to complete its restructuring plan by the end of the third quarter.

Read more at Yahoo Finance: Pinterest cuts up to 15% jobs to prioritize AI push, shares sink