Pinterest Bows Down To Macro Uncertainties; Lets Go Of 150 Workers

February 2, 2023 8:40 AM | 1 min read | Make a Comment

Pinterest, Inc PINS laid off about 150 employees to contain costs amid macro headwinds.
The move affected less than 5% of Pinterest’s total workers, Bloomberg reports.
Pinterest had about 4,000 employees as of the end of the third quarter.
The job cuts came from teams across the San Francisco-based digital search company.
Amazon.com Inc AMZN, Microsoft Corp MSFT, Meta Platforms Inc META, and Google parent Alphabet Inc GOOG GOOGL downsized in the thousands due to business slowdown further perpetrated by macro uncertainties.
Activist investors from Elliott Management had recently targeted Pinterest.
Price Action: PINS shares closed higher by 5.47% at $28.16 premarket on the last check Thursday.