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Bullish Analyst Consensus on Pinterest (PINS) Despite Recent Mixed Commentaries
Yahoo Finance· 2026-02-06 05:32
Pinterest, Inc. (NYSE:PINS) is one of Cathie Wood’s 10 stock picks with huge upside potential. Bullish Analyst Consensus on Pinterest (PINS) Despite Recent Mixed Commentaries Photo by Souvik Banerjee on Unsplash As of February 2, 2026, over 70% of analysts covering Pinterest, Inc. (NYSE:PINS) remain bullish, with a 59.10% consensus upside potential. The recent analyst update came from Roth Capital on January 30, 2026, when the firm decreased its price target on Pinterest, Inc. (NYSE:PINS) from $34 to $ ...
Last month was the worst January for layoff plans since 2009: Challenger
Yahoo Finance· 2026-02-05 13:12
Group 1 - Layoff announcements in January reached 108,435, more than double the 49,795 cuts announced in January of the previous year, marking the highest January total since 2009 [6][2] - Companies' hiring plans were recorded at 5,306 in January, the lowest for the month since Challenger began tracking in 2009 [5] - The high number of layoffs indicates that employers are less optimistic about the economic outlook for 2026, with many plans set at the end of 2025 [3] Group 2 - The total number of job cuts for all of 2025 was logged at 1.2 million, despite a slowdown in December to the lowest monthly total since July 2024 [7] - Major companies like Amazon, UPS, and Pinterest have announced significant job cuts, citing the need to invest in artificial intelligence and adjust business plans amid uncertainty [2][6] - The government's layoff rate remains low by historical standards, but the hiring rate has also been described as meager [8]
Pinterest cracks down on dissent, fires engineers for an internal layoff tool as AI shake-ups keep employees on edge and in line
Yahoo Finance· 2026-02-04 21:08
Pinterest fired two employees who created a tool for tracking the company’s layoffs in a move that highlights how power has largely shifted from employees back to employers in corporate America. Pinterest last week announced it would lay off less than 15% of its workforce and shed office space as part of a restructuring running through the end of September that will reallocate resources to AI-focused roles and AI products, according to a filing with the Securities and Exchange Commission. After the anno ...
Pinterest因裁员追踪工具解雇员工
Xin Lang Cai Jing· 2026-02-04 15:36
来源:环球市场播报 Pinterest于1月27日宣布裁员计划,CEO比尔-雷迪(Bill Ready)在一封内部邮件中表示,公司将"加倍 投入人工智能优先战略"。 图片社交媒体平台Pinterest(PINS)周三早盘下跌1.5%。在裁员不到15%后,该公司以违反公司政策及 隐私规定为由解雇了开发脚本识别受影响员工的工程师,理由是他们编写脚本访问公司内部信息,用以 查看近期裁员名单。 根据公司向投资者披露的信息,本轮裁员将影响约15%的员工,涉及近700个岗位,但没有具体说明哪 些员工和团队被调整。 ...
Pinterest CEO Fires Employees Who Created Tool To Track Layoffs, Citing 'Obstructionist' Behavior: Report - Pinterest (NYSE:PINS)
Benzinga· 2026-02-04 10:40
Pinterest Inc. (NYSE:PINS) CEO Bill Ready has reportedly fired employees who developed an internal tool to track significant layoffs within the company.CEO Defends Firings Over Layoff ToolReady reprimanded the employees who created the tool during a company-wide meeting last week, CNBC reported on Tuesday. He emphasized the importance of constructive debate but criticized behavior that he deemed “obstructionist.” The CEO then proceeded to dismiss the involved engineers.At a follow-up meeting, Pinterest's ch ...
Pinterest sacks two engineers for creating software to identify fired workers
The Guardian· 2026-02-04 09:48
Company Actions - Pinterest has fired two engineers for creating a software tool that identified employees who were laid off during recent job cuts and shared this information improperly [1][3] - The company announced it would cut about 15% of its workforce, equating to approximately 700 employees, although specific teams affected were not disclosed [2] Internal Policies and Violations - A spokesperson for Pinterest stated that the engineers violated company policy and the privacy of their former colleagues by accessing confidential information [3] - The custom scripts created by the engineers were designed to alert on the names of employees being removed or deactivated [4] Strategic Direction - Pinterest is focusing on an AI-forward approach, with significant investments in AI to enhance personalized content and automated tools for marketers [5] - The CEO indicated that the company is at a "critical moment" and encouraged employees who disagree with the company's direction to consider seeking employment elsewhere [6] Industry Context - The job cuts at Pinterest are part of a broader trend in the technology sector, where companies are increasingly relying on AI, with other firms like Amazon and Meta also announcing significant layoffs [6][7]
Pinterest CEO rebukes, fires 'obstructionist' employees who created tool to track layoffs
CNBC· 2026-02-04 01:23
Core Insights - Pinterest is undergoing a significant restructuring, laying off less than 15% of its workforce to focus resources on artificial intelligence projects [2][6] - The CEO, Bill Ready, emphasized the importance of constructive debate but took a firm stance against obstructionist behavior, leading to the dismissal of employees who created an internal tool to track layoffs [3][4][8] - The company is facing challenges from increasing competition in the digital advertising space, particularly from consumer chatbots, which could impact user engagement and ad revenue [7][8] Company Actions - Pinterest announced layoffs expected to be completed by the end of September, as part of a strategy to redirect efforts towards AI initiatives [2][6] - The company has been investing heavily in AI to enhance user experience and compete with major players like Meta and Google [6] - Employees were warned that those not aligned with the company's mission should consider seeking employment elsewhere [4][8] Market Context - The tech industry is experiencing widespread downsizing, with other companies like Amazon and Meta also implementing significant layoffs to improve efficiency and focus on AI [9] - Pinterest's stock has declined by 20% this year, following an 11% drop in 2025, indicating investor concerns about its competitive position [7]
CK Hutchison to Pursue Arbitration Against Panama Over Port Contract Ruling
WSJ· 2026-02-04 01:22
Core Viewpoint - CK Hutchison has initiated arbitration against Panama following the decision of the country's supreme court to nullify a contract that allowed the Hong Kong-listed company to operate two ports [1] Group 1 - The arbitration is a response to the legal challenges faced by CK Hutchison in Panama [1] - The contract in question was significant for CK Hutchison's operations in the region [1]
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Pinterest, Inc. – PINS
Globenewswire· 2026-02-03 19:11
Core Viewpoint - Pomerantz LLP is investigating potential securities fraud or unlawful business practices involving Pinterest, Inc. and its officers or directors [1] Group 1: Company Actions - On January 27, 2026, Pinterest announced a global restructuring plan that includes a workforce reduction affecting less than 15% of its employees and office space reductions [3] - The company anticipates incurring pre-tax restructuring charges of approximately $35 million to $45 million, primarily in cash-related expenditures [3] - The restructuring aims to support transformation initiatives focused on reallocating resources to AI roles, prioritizing AI-powered products, and accelerating sales transformation [3] Group 2: Market Reaction - Following the announcement of the restructuring plan, Pinterest's stock price fell by $2.49 per share, or 9.61%, closing at $23.41 per share on January 27, 2026 [3]
Pinterest extends losing streak to seven sessions, falls 15% over six days (NYSE:PINS)
Seeking Alpha· 2026-02-03 17:29
Pinterest (PINS) shares clocked seven straight sessions of losses on Tuesday, as the stock was 5.7% lower at $20.75. The social media platform lost 15% in the preceding six sessions. Overall, the stock has fallen over 17% so far this year, compared to the near 2% rise in ...