{"schema_version":"secwatch.filing_event.v1","accession":"0001506293-23-000050","form_type":"8-K","ticker":"PINS","cik":"0001506293","company_name":"PINTEREST, INC.","filed_at":"2023-03-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.308234+00:00","generated_at":"2026-06-17T14:46:11.822859+00:00","sec_items":["2.05","2.06"],"event_type":"other_material","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Pinterest approves $100-125M restructuring plan with office sublease and 4% workforce reduction","bullets":["Estimated charges of $100-$125M, primarily non-cash impairment and abandonment of lease assets ($95-$110M).","Approximately $95-$115M of charges expected in Q1 2023; cash expenditures only $2-$4M.","Subleasing 505 Brannan St and abandoning other offices; cease occupancy by end of Q1 2023.","Workforce reduction of about 4% commenced in February 2023 as part of the plan.","Future cash impact depends on landlord negotiations and subtenant outcomes; additional actions possible."],"urls":{"canonical":"https://secwatch.observer/filing/0001506293-23-000050","json":"https://secwatch.observer/filing/0001506293-23-000050.json","markdown":"https://secwatch.observer/filing/0001506293-23-000050.md","text":"https://secwatch.observer/filing/0001506293-23-000050.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1506293/000150629323000050/0001506293-23-000050-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1506293/000150629323000050/pins-20230324.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T14:46:11.822859+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"572e242ab3cfed512e4c7f32ec08fdbdbc50daff","claim":"PINTEREST, INC. announced a restructuring with charges of estimated $100.0 million to $125.0 million in charges, consisting primarily of $95.0 million to $110.0 million in non-cash impairment and abandonment charges re affecting office space reductions at 505 Brannan Street and other locations, and workforce reduction of approximately 4% (approximately 4% workforce reduction).","evidence_excerpt":"cost structure and operating plan and may determine to take additional actions in the future in connection with the Plan. The Company estimates that it will incur approximately $100.0 million to $125.0 million in charges in connection with the Plan. These charges consist primarily of $95.0 million to $110.0 million in non-cash impairment and abandonment charges","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1506293/000150629323000050/0001506293-23-000050-index.htm","confidence":0.95,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"estimated $100.0 million to $125.0 million in charges, consisting primarily of $95.0 million to $110.0 million in non-cash impairment and abandonment charges re"},{"label":"Affected area","value":"office space reductions at 505 Brannan Street and other locations, and workforce reduction of approximately 4%"},{"label":"Headcount","value":"approximately 4% workforce reduction"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}