Pinterest Lays off 150 employees

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Pinterest, a social media platform primarily focused on visual discovery and saving, recently laid off 150 employees, which is roughly 4% of its total workforce.

The company says it’s “making organizational changes to further set us up to deliver against our company priorities and our long-term strategy,” according to a statement sent to The Verge by spokesperson Meredith Klein.

The company has not disclosed the exact number of employees who were laid off but has stated that affected employees will receive “separation packages, benefits, and other services.” This means that the employees who were let go will receive financial support and resources to help them transition to new employment. The details of these packages, including the amount and length of financial support, are typically not made public.

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