Pinterest said it would reduce up to about 15% of its workforce, or roughly 700 jobs, as part of a restructuring aimed at pivoting resources toward higher-growth areas such as artificial intelligence.

Pinterest (PINS) closed at $23.41 in the latest trading session, marking a -9.61% move from the prior day. This change lagged the S&P 500's 0.41% gain on the day. At the same time, the Dow lost 0.83%, ...