Pinterest lays off about 150 employees amid cost-cutting measures

Photo-sharing social media platform Pinterest is reportedly laying off about 150 employees amid cost-cutting measures.

The move affected less than 5 per cent of Pinterest’s total workers, reports Bloomberg, citing sources.

“We’re making organisational changes to further set us up to deliver against our company priorities and our long-term strategy,” a Pinterest spokeswoman, was quoted as saying.

“Our employees are the heart of how we’re able to serve our Pinners around the world. All of the employees who were impacted contributed to Pinterest and as they transition, we’re committed to supporting them with separation packages, benefits and other services,” she added.