Pinterest Cuts Jobs to Focus on AI Growth
Pinterest plans to cut up to 15% of its workforce, shifting focus to AI products to boost revenue amid declining ad spending.
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Pinterest plans to cut up to 15% of its workforce, shifting focus to AI products to boost revenue amid declining ad spending.
Revenue was $540M, EPS a $1.26 loss. No dividend; recovery timing unclear.
Morgan Stanley’s Michael Cyprys says Robinhood’s Active Trader Summit went further than expected, led by in-app AI agents and U.S. perps.
HPE booked a $1.2B Vultr order for AMD Helios AI racks and raised FY27 networking growth to the high teens–low 20s, with $800M Juniper savings.