Pinterest Bows Down To Macro Uncertainties; Lets Go Of 150 Workers

Pinterest, Inc (NYSE:PINS) laid off about 150 employees to contain costs amid macro headwinds.
The move affected less than 5% of Pinterest’s total workers, Bloomberg reports.
Pinterest had about 4,000 employees as of the end of the third quarter.
The job cuts came from teams across the San Francisco-based digital search company.
Amazon.com Inc (NASDAQ:AMZN), Microsoft Corp (NASDAQ: MSFT), Meta Platforms Inc (NASDAQ: META), and Google parent Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) downsized in the thousands due to business slowdown further perpetrated by macro uncertainties.
Activist investors from Elliott Management had recently targeted Pinterest.
Price Action: PINS shares closed higher by 5.47% at $28.16 premarket on the last check Thursday.