As reported by Bloomberg, Pinterest is laying off about 150 employees which account for less than 5% of its total workforce. For the uninitiated, Pinterest is a digital search company which enables users to create online pinboards.
Confirming the job cuts, a Pinterest spokesperson told Bloomberg, “We’re making organizational changes to set us further up to deliver against our company priorities and our long-term strategy. Our employees are the heart of how we’re able to serve our Pinners around the world. All of the impacted employees contributed to Pinterest and as they transition, we’re committed to supporting them with separation packages, benefits and other services.”
The report further adds that Pinterest offers separation packages to the impacted employees and some benefits.