Pinterest Inc. plans to cut 150 jobs, or about 5 percent of its workforce. The tech company joins a wave of layoffs to cut costs, Reuters reported, citing Bloomberg news.
Digital search company Pinterest primarily allows users to add online pinboards. The company informed the workers about the layoffs yesterday (Wednesday). A reliable source informed Bloomberg this news.
Almost all of the San Francisco-based company’s teams will be laid off, but not everyone is being hit to the same extent. Retrenched employees will get severance package, benefits and other services.
