PINS, has announced a company-wide restructuring that includes layoffs affecting up to 15% of its workforce. The company is cutting office space and reallocating spending to AI focused roles, products ...

The company said it would use the cost savings to partly fund AI-focused roles and teams.

Shares fell 8% after announcing workforce cuts under 15% to fund AI investments. Restructuring costs reach $45M maximum.

Pinterest said on Tuesday it would lay off up to 15 per cent of its workforce and cut office space as part of a restructuring ...

Amazon is slashing about 16,000 corporate jobs in the second round of mass layoffs for the ecommerce company in three months.

The rate-setting committee remains split between those opposed to further cuts until inflation comes down, and those who want to lower rates to further support hiring.

A new documentary premiering at the Sundance Film Festival has placed the debate over AI squarely in the cultural spotlight, ...