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Pinterest is an American visual discovery platform where users find and save ideas, with advertising and shopping products for brands and retailers.
Pinterest CEO Bill Ready dismissed engineers who built an internal tool to track company layoffs, citing privacy violations and obstruction of company operations.
Pinterest will cut around 780 jobs to focus on AI-driven products and strategy, while investors remain cautious amid competition from TikTok and Meta platforms.
Pinterest is turning to open source AI models to cut expenses and enhance its visual search and shopping tools, even as the company forecasts softer holiday revenue. CEO Bill Ready says the approach will support performance while keeping infrastructure costs in check.