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Netflix to cut about 1,000 jobs in organizational overhaul
Original: # News CHICAGO (AP) — Netflix plans to lay off about 6% of its workforce, amounting to nearly 1,000 positions, as the st
Netflix will lay off roughly 6% of its workforce, close to 1,000 positions, as part of broader organizational changes. Co-CEOs Ted Sarandos and Greg Peters announced the cuts in a memo to employees on Wednesday. The move is drawing attention as streaming companies continue to trim costs after years of rapid expansion.
Why now: A major streaming company is cutting nearly 1,000 jobs, raising questions about cost pressures in the industry.
NetflixTed SarandosGreg Peters
Evidence
- # News CHICAGO (AP) — Netflix plans to lay off about 6% of its workforce, amounting to nearly 1,000 positions, as the streaming giant makes wider “organizational changes.” Co-CEOs Greg Peters and Ted Sarandos announced the job cuts in a memo to employees Wednesday. They said… · HopelessDemigod@mstdn.social
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