Thread regarding Netflix Inc. layoffs

Netflix to cut 5 percent of workforce

Netflix intends to reduce its global headcount by roughly 5%, with an internal announcement potentially arriving as soon as next week, according to Reuters, which cited Puck News. Netflix declined to comment on the report to Reuters.

https://finance.yahoo.com/media-advertising/articles/netflix-layoffs-company-planning-cut-131741881.html


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Just documenting for posterity - From crunchbase

Netflix to cut 1,000 jobs as Character.AI faces possible shutdown

  • Netflix is planning to eliminate approximately 1,000 jobs worldwide, representing about 6% of its workforce. The layoffs will affect employees across product, technology, legal and human resources. Amazon is also reducing headcount in its customer service, marketplace and engineering operations.

Meanwhile, AI chatbot startup Character.AI has reportedly filed for Chapter 11 bankruptcy protection and warned that its platform could shut down unless a buyer emerges.

The latest round of tech industry layoffs includes several other companies, bringing the weekly total to at least 1,635 employees who have lost their jobs or are facing potential cuts, according to Crunchbase's layoffs tracker.

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