Pinterest has made a second job-cutting transfer inside weeks of the primary spherical of layoffs in December. The corporate has let go of just about 150 workers (representing lower than 5% of its workforce), in keeping with a report from Bloomberg.
In a press release to , Pinterest confirmed the job axing however didn’t share how many individuals have been laid off and which departments have been impacted. The corporate additionally didn’t present any details about what sort of severance phrases it’s providing to departed workers.
“We’re making organizational modifications to additional set us as much as ship towards our firm priorities and our long-term technique,” an organization spokesperson mentioned in a press release. “The entire workers who have been impacted contributed to Pinterest and as they transition, we’re dedicated to supporting them with separation packages, advantages, and different providers.”
Job cuts have bled into 2023 with tens of 1000’s of roles eradicated by Amazon, Microsoft, Google and Spotify, amongst different firms final month alone.
Earlier this week, Groupon additionally minimize 500 workers in what was additionally its second spherical of layoffs.
Pinterest’s layoff comes simply earlier than its This fall 2022 earnings, which goes to be introduced on February 6. The corporate has had a 16% bounce in its inventory costs year-to-date however a 2.3% dip within the final 12 months.
In November, Pinterest shut down its “Creator Rewards” program to raised concentrate on different creator-focused tasks. The identical month, it made its collage-making app Shuffles accessible to everybody.
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