NEW YORK (AP) — Pinterest plans to lay off under 15% of its workforce, as part of broader restructuring that arrives as the image-sharing platform pivots more of its money to artificial intelligence.

In a Tuesday securities filing, San Francisco-based Pinterest said it was making these cuts to support “transformation initiatives” — which include reallocating the company's resources to AI-focused roles and prioritizing AI-powered products. It said it was also working to reshape its “sales and go-to-market approach.”

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