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Netflix lays off around 1,000 employees

Original: Netflix is laying off around 1,000 employees Following a report last week that Netflix was planning to lay off five perc

Netflix is cutting roughly 1,000 jobs, about six percent of its workforce. Co-CEOs Ted Sarandos and Greg Peters announced the layoffs in an email to staff, going beyond the five percent reduction reported last week. The move adds to a wave of job cuts across the tech and streaming industry as companies rein in costs.

Why now: The layoffs exceed earlier reports and come amid broader cost-cutting across the tech sector, making Netflix the latest major company to shed staff.

NetflixTed SarandosGreg Peters

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• Netflix is laying off around 1,000 employees Following a report last week that Netflix was planning to lay off five percent of the company, today the streamer's co-CEOs Ted Sarandos and Greg Peters announced in an email that it would actually be laying off six per… https://www.… · techwire@gamefan.net · 1

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