Pinterest Inc. reportedly laid off about 150 workers Wednesday, becoming the latest tech company to cut jobs amid economic worries.
Bloomberg News reported the cuts affect less than 5% of Pinterest’s workforce, and came across multiple teams.
Bloomberg News reported the cuts affect less than 5% of Pinterest’s workforce, and came across multiple teams. In December, Pinterest laid off some of its recruiting team, and planned to slow its pace of hiring amid concerns of a slowing digital-ad market. Pinterest also added an executive from activist investor Elliott Management Corp. to its board of directors in December, as part of a long-term agreement to improve the company’s growth.
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