Scrambling to ipo - Anonymous employee Pinterest Employee Review

The company is scrambling to ipo likely this year but moving really slowly towards this goal and not being transparent at all about what’s happening. To make their multiplier look good they have also been doing a bunch of restructuring and significant pay cuts on various teams. They really screwed some teams over by justifying these pay cuts as industry benchmarking. Very short sighted in my opinion because they are punishing employees for being loyal and doing well and the people affected are really disappointed in the company. Pretty sure a lot of people are going to quit once they ipo. Everyone is just hanging around to see how much their options are worth. Most people think their options will be worth less than what they were promised at the point of joining the company yet the recruiters still use this as a perk to attract new hires.