Netflix cuts 1,000 jobs, 6% of workforce, its biggest layoff since 2022
8 sourcesLeft-leaning 3Center 3Right-leaning 2
Summary
Netflix told employees Wednesday it is cutting about 1,000 jobs, roughly 6% of its workforce, mainly in product, tech, legal and human-resources teams. Co-CEOs Greg Peters and Ted Sarandos said in a memo the company was making "focused choices across the business" and remained on track to meet its full-year forecast. The move follows slowing revenue growth and a stock decline of more than 40% over the past year.
Left-leaning
- Netflix to cut about 6% of worldwide staffNBC News · Oct 14, 10:15 AM
- Netflix, Facing Slowing Growth, Cuts 6% of Its Work ForceNew York Times · Oct 14, 1:21 PM
- Netflix cutting workforce as its revenue growth slowsCBS News · Oct 14, 2:05 PM
Center
- Netflix to shed 1,000 jobs in steepest cuts since 2022BBC News · Oct 14, 12:47 PM
- Netflix laying off 6 percent of its workforce, marking biggest round of job cuts in yearsThe Hill · Oct 14, 1:24 PM
- Netflix lays off about 1,000 employees, 6% of workforceUPI · Oct 14, 2:23 PM
Right-leaning
- Netflix Drops The Ax In Biggest Shakeup In YearsThe Daily Wire · Oct 14, 8:49 AM
- Netflix cuts 1,000 jobs, 6% of workforce, in largest layoff since 2022Washington Times · Oct 14, 12:07 PM