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Netflix’s biggest layoffs in 4 yrs may come next week, here’s how many could lose jobs
Source: Times of India — Top Stories · 3 days ago
Summary
Netflix may announce a new round of layoffs as early as next week, targeting roughly five percent of its staff, which equates to about 850 positions. This would be the company's largest reduction since 2022 and comes as it prepares for its upcoming third‑quarter earnings report. The cuts are being driven by weaker viewer engagement, a declining share price and rising expenses.
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From the original report
Netflix layoffs could be announced as early as next week, with the streaming giant reportedly planning to cut about 5% of its workforce, or around 850 jobs, as part of a wider restructuring, according to Puck News.
Excerpt from Times of India — Top Stories.
ScanSeva shows summaries and short excerpts only and always links to the original publisher.
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