PINTEREST, INC. 8-K

What Happened Pinterest, Inc. (PINS) filed an 8-K reporting a board‑approved global restructuring plan announced on January 26, 2026. The Plan includes a reduction in force affecting less than 15% of the company’s workforce and reductions in office space. Pinterest expects to incur approximately $35 million to $45 million of pre-tax restructuring charges, primarily cash-related, and plans to complete the Plan by the end of its third quarter ending September 30, 2026.

Key Details

• The restructuring was announced Jan 26, 2026 and reported in the 8‑K filed Jan 27, 2026.
• Expected pre-tax charges: approximately $35M–$45M (primarily cash expenditures).
• Workforce impact: expected to affect less than 15% of employees; also includes office space reductions.
• Company will exclude these restructuring charges from its non‑GAAP measures, including Adjusted EBITDA.
• Purpose: reallocate resources to AI-focused roles and teams, prioritize AI-powered products/capabilities, and accelerate sales/go-to-market transformation. Plan completion targeted by Sept 30, 2026, subject to local laws and consultations.

Why It Matters This is a material cost and operational change that will show up as one-time restructuring charges in Pinterest’s financial statements for upcoming periods, but the company plans to exclude those charges from non‑GAAP metrics such as Adjusted EBITDA. Investors should note the near-term cash and earnings impact from the $35M–$45M charges and the potential effects on workforce, operations, hiring, and product priorities as Pinterest shifts investment toward AI and sales transformation. The company’s timeline and final costs are forward-looking and subject to change based on legal/consultation requirements.