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Netflix to lay off roughly 1,000 employees, about 6% of workforce

Original: Netflix has confirmed plans to lay off approximately 6% of its total workforce, amounting to close to 1,000 employees. A

Netflix has confirmed plans to cut around 6% of its workforce, close to 1,000 employees. In an internal memo, co-CEOs Ted Sarandos and Greg Peters said the reductions will predominantly hit product, technology and legal teams. The move fuels ongoing debate about cost-cutting and restructuring across major streaming and tech companies.

Why now: The confirmation of large-scale layoffs at one of the world's biggest streaming companies is major business news amid a broader wave of tech job cuts.

NetflixTed SarandosGreg Peters

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• Netflix has confirmed plans to lay off approximately 6% of its total workforce, amounting to close to 1,000 employees. According to an internal memo authored by co-CEOs Ted Sarandos and Greg Peters, the reductions will predominantly impact the product, technology, legal, and… · hacksgr · 2

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