Pinterest layoffs, on the record
Every job cut, severance charge and restructuring Pinterest reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 4,014 to 5,265.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 4,014 | December 31, 2023 |
| 10-K for 2024 | 4,666 full-time employees | December 31, 2024 |
| 10-K for 2025 | 5,265 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryInitiated a restructuring plan to improve efficiency and align with corporate strategy, including a workforce reduction of about 4% and plans to sublease or abandon certain office spaces.
Word for word“This included a workforce reduction of approximately 4% and a plan to sublease or abandon certain leased office spaces.” 10-K for 2023
Our summaryRestructuring plan was completed.
Word for word“The Plan was completed in the third quarter of 2023.” 10-K for 2023
Our summaryRecorded restructuring charges split between office space reductions and severance and other personnel costs.
Word for word“Restructuring charges for the year ended December 31, 2023 were as follows (in thousands): Office Space Reductions (1) Severance and Other Personnel Costs Total Cost of revenue $ — $ — $ — Research and development — 4,696 4,696 Sales and marketing — 2,749 2,749 General and administrative 117,315 2,122 119,437 Total $ 117,315 $ 9,567 $ 126,882 (1) Office space reductions are non-cash and include impairment charges and accelerated expense related to operating lease right-of-use assets and leasehold improvements.” 10-K for 2023
Our summaryRecorded impairment and abandonment charges for operating lease right-of-use assets and leasehold improvements tied to the restructuring.
Word for word“We recorded $ 117.3 million of impairment and abandonment charges for operating lease right-of-use assets and leasehold improvements for the year ended December 31, 2023.” 10-K for 2023
Our summaryThe filing reports restructuring charges of $126.9 million in 2023 with no restructuring charges in 2024, shown in the Adjusted EBITDA reconciliation.
Word for word“Restructuring charges — 126,882 — Non-cash charitable contributions — 12,890 — Adjusted EBITDA $ 1,032,315 $ 707,594 $ 461,423 (1) Beginning in the fourth quarter of 2024, we are excluding payroll tax expense related to share-based compensation from Adjusted EBITDA because these taxes are variable due to our stock price and other factors outside our control and therefore are not reflective of our ongoing business operations or the underlying trends in our business.” 10-K for 2024
Our summaryThe filing says the decrease in general and administrative expense was primarily due to restructuring charges recorded in 2023.
Word for word“The decrease was primarily due to $119.4 million of restructuring charges in 2023, offset by a $34.7 million legal settlement, net of insurance proceeds, a $14.9 million increase in non income-based taxes and a $14.4 million increase in share-based compensation.” 10-K for 2024
Our summaryThe company recorded impairment and abandonment charges for lease right-of-use assets and leasehold improvements as part of a 2023 restructuring plan.
Word for word“We recorded $ 117.3 million of impairment and abandonment charges for operating lease right-of-use assets and leasehold improvements as part of the restructuring plan for the year ended December 31, 2023.” 10-K for 2024
Our summaryPinterest announced a global restructuring plan that cuts its workforce and reduces office space, with expected pre-tax charges of about $35.0 million to $45.0 million.
Word for word“On January 26, 2026, we announced a global restructuring plan (the “Plan”) that includes a workforce reduction of less than 15 % as well as office space reductions.” 10-K for 2025
Our summaryThe company started a global restructuring plan to shift resources toward AI-focused roles and teams, prioritize AI-powered products, and speed up changes to its sales and go-to-market approach.
Word for word“During the first quarter of 2026, we initiated a global restructuring plan (the “Plan”) to support our transformation initiatives of reallocating resources to AI-focused roles and teams that drive AI adoption and execution, prioritizing AI-powered products and capabilities, and accelerating the transformation of our sales and go-to-market approach.” 10-K for 2025
| Fiscal year ended | Severance costs | Restructuring charges |
|---|---|---|
| 2023-12-31 | $9.6 million | $126.9 million |
Pinterest filed 2 restructuring notices (Form 8-K, Item 2.05) since 2016. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Pinterest’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-12. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.