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Pinterest To LayOff 150 Employees

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Pinterest Inc is laying off approximately 150 employees, or less than 5 percent of its workforce.

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The company offering digital search that allows users to create online pinboards was notified of the affected employees on Wednesday.

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The report mentioned someone who was familiar with the company.

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The job losses affected teams throughout the San Francisco-based firm, but not all were affected to the same extent.

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"We're making organizational changes to further set us up to deliver against our company priorities and our long-term strategy,"

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Pinterest will support all impacted employees with separation packages, benefits and other services during the transition, the spokesperson added.

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