Form 8-K PINTEREST, INC. For: Mar 24
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Pinterest (PINS) Cuts 4% Staff, Announces Restructuring
March 27, 2023 4:09 PM EDTOn March 24, 2023, the Audit and Risk Committee of the Board of Directors (the Audit Committee) of Pinterest (NYSE: PINS) approved a restructuring plan intended to support the Companys corporate strategy, improve efficiency and position the business in light of the ongoing macroeconomic environment (the Plan). This consists of a plan to sublease the Companys leased office space at 505 Brannan Street in San Francisco, which the Company will cease occupying by the end of first quarter of 2023, and abandoning certain other leased office spaces (the office space reductions) which are in addition to a workforce reduction of... More
