National · National
Netflix lays off 1,000 employees; here are the teams hit the hardest
Source: Times of India — Top Stories · 3 hr ago
Summary
Netflix is eliminating around 1,000 positions, about 6% of its worldwide staff, marking its largest layoff wave since 2022. The cuts will primarily affect the product, technology, legal and human‑resources departments. The reductions occur as the company faces weaker viewer engagement and a declining share price ahead of its upcoming earnings report.
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From the original report
Netflix is cutting about 1,000 jobs, roughly 6% of its global workforce, in its biggest round of layoffs since 2022, the Wall Street Journal reported. Co-CEOs Greg Peters and Ted Sarandos told employees the Netflix job cuts will mostly hit product, tech, legal and HR teams.
Excerpt from Times of India — Top Stories.
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