pinterest inc on monday warned about the health of its balance sheet and said it expects to incur into expenses in the range of 100 million and 125 million as part of its restructuring plan the online photoandrecipesharing platform is subleasing its sanfranciscobased office and leaving other leased office spaces as it reduces the size of its workforce the company said in a securities filing up to 115 million of those additional charges will be booked in the first quarter of 2023 the company said adding that the total estimate charge includes between 95 million and 110 million in a noncash impairment and abandonment charges related to pinterests lease rightofuse assets and leasehold improvements the company currently intends to continue to pay all contractual rent payments but plans to sublease all or a portion of our office space at 505 brannan street in san francisco and negotiate early lease terminations which could materially affect the companys cash flows it said pinterests restructuring update comes after the company said in february that it laid off about 150 employees or about 4 of its total headcount and announced the departure of chief financial officer todd morgenfeld on july 1 the company continues to review its cost structure and operating plan and may determine to take additional actions in the future in connection with the plan pinterest added