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Yhn BusinessLabor first seen 1 d ago, last 1 h ago, peak #2

Netflix lays off roughly 6% of its workforce

Original: Netflix is laying off roughly 6% of its workforce

Netflix is cutting around 6% of its employees in a fresh round of layoffs, according to a CNBC report. The news is drawing wide attention as workers and industry watchers weigh what the cuts mean for the streaming company's direction and for jobs across the tech and entertainment sector.

Why now: News of significant layoffs at a major streaming company immediately raises concerns about job losses and the health of the tech and media sector.

NetflixCNBC

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