The Guardian: Pinterest sacks two engineers for creating software to identify fired workers. “Pinterest has fired two engineers who created a software tool to identify which workers had lost their jobs in a recent round of cuts and then shared the information, according to reports.”

CNBC: Meta’s Reality Labs cuts sparked fears of a ‘VR winter’. “Meta’s deprioritizing virtual reality in favor of artificial intelligence and Internet-connected smart glasses has chilled the industry, leading to concerns about its future.”

CNBC: Pinterest laying off 15% of workforce as part of AI push; stock plummets. “Pinterest is laying off less than 15% of its workforce and cutting back on office space. The company said it’s ‘reallocating resources’ to roles and teams focused on artificial intelligence.”

Pinterest cuts 780 jobs while investors question the AI pivot strategy: Pinterest reduces workforce by 15% to fund AI development, but shares sink 9.61% as analysts question whether automation addresses competitive pressures from Meta and TikTok. https://ppc.land/pinterest-cuts-780-jobs-while-investors-question-the-ai-pivot-strategy/ #Pinterest #JobCuts #AIdevelopment #TechIndustry #Investors