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Pinterest cuts up to 15 per cent jobs as it pivots hard to AI
Pinterest is trimming its workforce as it races to rewire itself around artificial intelligence.
The digital pinboard plans to cut less than 15 per cent of staff, according to a regulatory filing on Tuesday, as it reallocates resources to AI-focused roles and accelerates the rollout of AI-powered products and capabilities. The shake-up will also include office-space reductions, with total restructuring costs pegged at $35m to $45m.
The overhaul is expected to be wrapped up by the end of the third quarter ending September 30, 2026. Pinterest said the cuts will shrink overall headcount in the near term, but added it intends to reinvest later in key development areas and strategic opportunities.
The company reported 5,205 employees at the end of its previous third quarter. The move places Pinterest firmly in the growing queue of tech firms using AI as both scalpel and strategy. Amazon, for instance, is preparing a second wave of job cuts that could take total reductions to 30,000 roles, arguing that a leaner structure is essential to move faster.
Markets were unimpressed. Pinterest shares slid 3.6 per cent in premarket trading on Tuesday. The stock is down 22 per cent over the past three months and 21 per cent over the past year. Pinterest has been listed since 2019.
Another Silicon Valley recalibration, then: fewer people, more machines—and a sharper bet that AI, not headcount, will pin down the future.
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Angel One Q4 profit surges 83 per cent to Rs 320cr
year net profit dips 22 per cent to Rs 915cr as revenue softens slightly to Rs 5,137cr.
MUMBAI: Angel One has just earned its wings in style delivering a blockbuster Q4 that proves the brokerage giant is still flying high even in a cautious market. Standalone revenue from operations for the three months ended 31 March 2026 rose sharply to Rs 1,459cr, up from Rs 1,056cr a year ago. Total income stood at Rs 1,467cr. After all expenses, profit before tax came in at Rs 440cr, while net profit for the quarter surged 83 per cent to Rs 320cr (versus Rs 175cr last year). Basic EPS stood at Rs 3.52 and diluted at Rs 3.44.
For the full year ended 31 March 2026, revenue from operations was Rs 5,137cr compared with Rs 5,238cr in FY25. Total income reached Rs 5,152cr. Profit before tax was Rs 1,272cr, and net profit came in at Rs 915cr (down from Rs 1,172cr). Basic EPS was Rs 10.09 (from Rs 13.00) and diluted Rs 9.85 (from Rs 12.68).
Total comprehensive income for the quarter stood at Rs 321cr, while the full-year figure was Rs 913cr.
The strong quarterly performance reflects robust growth in interest income (Rs 455cr) and fees & commission (Rs 1,000cr), even as the full-year numbers moderated amid a softer overall environment. Finance costs rose to Rs 134cr in Q4 (full year Rs 437cr), while employee benefits stood at Rs 244cr for the quarter (full year Rs 1,067cr).
In a year when many brokers felt the pinch of muted market activity, Angel One has delivered a sparkling Q4 that shows its core broking engine is firing on all cylinders. With the books now closed on FY26, the Mumbai-based player has once again demonstrated that consistent execution and a sharp focus on retail participation continue to pay rich dividends in India’s booming capital markets.
