Netflix is reportedly planning its largest layoffs since 2022, with reports estimating cuts of roughly 5% to 6% of its workforce—about 800 to 1,000 jobs—as the company seeks to improve growth. Netflix has not confirmed the reports, which come ahead of its third-quarter earnings report.
The layoffs were announced in an email to employees on Wednesday from Co-Chief Executives Greg Peters and Ted Sarandos, which stated that most of the cuts would be to the platform's product, tech, legal and human-resources teams.
Netflix is swinging the axe — laying off around 1,000 employees, representing 6% of its workforce, in what is its biggest layoff to date. Most of the layoffs will affect workers in Netflix’s product, technology, legal and HR teams, co-CEOs Ted Sarandos and Greg Peters wrote in an email to employees …
Netflix Inc. is cutting 6% of its global staff, or about 1,000 positions, as the streaming company is struggling with slowing growth, the Wall Street Journal reported.
Netflix has initiated a major round of layoffs today, cutting about 6% of its global staff or some 1,000 jobs for its biggest round of job cuts in four years. The product, tech, legal and HR teams are among the most impacted by the cuts, which have been expected as the company faces slower growth [……
The bulk of the cuts will affect the product, technology, legal, and human resources teams. It is the first major round of layoffs at the streamer since 2022
Netflix is laying off nearly 1,000 employees, or roughly 6% of its workforce, in one of the streaming giant’s latest rounds of job cuts. The layoffs come just days before the company reports quarterly earnings and weeks after co-CEO Ted […] The post Netflix lays off nearly 1,000 employees, cuts 6% o…
Streaming company faces tough competition for viewers and engagement from legacy rivals and YouTube Netflix is laying off 6% of its workforce, or roughly 1,000 employees, in its biggest cuts since 2022, according to an internal memo seen by Reuters, as the streaming pioneer faces tough competit…
Netflix is eliminating nearly 1,000 jobs worldwide, a restructuring that raises questions about the streaming giant's entertainment strategy, including its growing investment in Spanish-language productions and its operations in Latin America and Spain.
Netflix reportedly plans to eliminate 1,000 jobs across several departments in its biggest layoffs since 2022, days before its third-quarter earnings report.
Netflix plans to lay off about 6% of its workforce as part of wider organizational changes. Co-CEOs Greg Peters and Ted Sarandos announced the cuts in a memo to employees on Wednesday. They said the company's product, tech, legal, and human resources teams would be most impacted.
