Pinterest (PINS) Sheds 9.6% on Workforce Layoff

We recently published 10 Big Names With Painful Declines. Pinterest Inc. (NYSE:PINS) was one of the worst performers on Tuesday. Pinterest fell by 9.61 percent on Tuesday to close at $23.41 apiece as investors took path from news that it would let go of 15 percent of its total workforce and slowly transition to artificial intelligence. In a regulatory filing, Pinterest Inc. (NYSE:PINS) said that its board of directors approved a global restructuring plan that would see the layoff of several workers as we ...