Pinterest slashes 150 jobs

Pinterest has joined its other illustrious peers in reducing 150 headcounts, or less than 5% of its total workforce.

The social media entity which allows users to create online pinboards announced its decision to sack employees on Wednesday, a Reuters report said.

"We're making organizational changes to further set us up to deliver against our company priorities and our long-term strategy," a company spokesperson told Reuters, confirming job cuts. The official, however, declined to confirm the number of job cuts.

The job cuts came from teams across the San Francisco-based company, though not all were affected to the same degree.

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