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Yhn BusinessLabor first seen 5 d ago, last 59 min ago, peak #3

Netflix Cuts About 1,000 Jobs in Biggest Layoffs to Date

Original: Netflix Lays Off 6%, About 1k Jobs, in Biggest Cutbacks to Date

Netflix has laid off roughly 6% of its workforce, about 1,000 employees, in the company's largest round of cutbacks so far. The news is drawing widespread attention online, with discussion focused on the scale of the cuts and what they signal for the streaming industry and the wider labor market.

Why now: The sheer size of the layoffs at one of the world's largest streaming companies makes it major news for workers and the tech sector.

Netflix

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