Ticker: Pinterest will lay off 15% of its workforce; Amazon to close Amazon Go and Amazon

January 27, 2026

FILE - Banners for Pinterest, displayed to mark the fifth anniversary of the company's listing, hang on the front of the New York Stock Exchange in New York, May 15, 2024. (AP Photo/Peter Morgan, File)
FILE – Banners for Pinterest, displayed to mark the fifth anniversary of the company’s listing, hang on the front of the New York Stock Exchange in New York, May 15, 2024. (AP Photo/Peter Morgan, File)
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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.”

Beyond the coming layoffs, Pinterest said it will reduce office space. The company expects to complete its restructuring plan by the end of September, incurring pretax charges of $35 million to $45 million.

Pinterest’s job cuts are expected to impact hundreds of workers. As of the end of last year, Pinterest had a total headcount of about 5,200 employees, the company confirmed to The Associated Press.

Amazon to close Amazon Go and Amazon Fresh

Amazon said it’s closing all of its Amazon Go and Amazon Fresh locations, as the online behemoth focuses on its grocery delivery, Whole Foods Market and a new “supersized” store concept.

The Seattle-based online retailer said Tuesday in a blog post that it plans to convert some of those soon-to-be shuttered locations into Whole Foods Market stores. The company operates 57 Amazon Fresh stores and 15 Amazon Go stores.

The last day of operation for Amazon Fresh and Amazon Go stores is Feb. 1.

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