Pinterest Pinterest to cut jobs, office space in big AI push

[Spiderman]

More jobs are getting cut because of AI guys!

Where are all these laid off people going to work if they're all flooding the market at once?

Pinterest is planning widespread layoffs and "office space reductions" in the coming months, it said Tuesday. The job cuts will impact "less than 15%" of the overall workforce, according to a securities filing, and will be carried out by the end of September. The shakeup comes as part of a broader shift of resources as Pinterest focuses more closely on "AI-powered products and capabilities" in order to attract Gen Z users. Earlier this month, the company appointed its first-ever chief business officer as part of the same effort.

 

[SilverClouds]

Where are all these laid off people going to work if they're all flooding the market at once?

That's what I'm talking about... Everyone is telling everyone else to go work at McDonalds or at the warehouse but I doubt they're physically able to hire all these mass unemployed people

 

[TheVigilante]

More jobs are getting cut because of AI guys!

Where are all these laid off people going to work if they're all flooding the market at once?

They gonna create more competition for us that's for sure

 

[Champagne]

Something that everyone was expecting. AI can replace jobs, and it honestly bothers me when people say it can’t. It clearly can replace some jobs, and it’s only a matter of time before it takes even more.

 

[polecat]

That's what I'm talking about... Everyone is telling everyone else to go work at McDonalds or at the warehouse but I doubt they're physically able to hire all these mass unemployed people

Indeed has been proven to have around 25% of fake job listings on it I can imagine most other sites got many fake jobs.

Getting most jobs is harder than it should because of mismanagement or general problems the boomer elites keep making all the time.

For example for me to get a Retail job when I was 17 needed five refernces just to get a minimum wage job more less.

I had to pass three interviews in person for ASDA sales assistnt job heard similar storys from others my age group .

I also had to speak German in for the interview which I felt was bit much. to the weird interview the HR one

 

[indianmojojojo]

More jobs are getting cut because of AI guys!

Where are all these laid off people going to work if they're all flooding the market at once?

Most times AI is just an excuse, most companies over hired

A significant portion of these cuts is actually a "market clearance" or correction

 

[chaktty]

This could be the best time to invest heavily in agriculture.

 

[Spiderman]

Most times AI is just an excuse, most companies over hired

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A significant portion of these cuts is actually a "market clearance" or correction

Market clearance might be an excuse too but idk.

 

[indianmojojojo]

Market clearance might be an excuse too but idk.

Most of those big corporations over hired. IT especially went crazy on steroids during COVID. The salaries were insane and over hired