The streaming giant is implementing significant job cuts, eliminating approximately 1,000 positions globally. This represents about 6% of its total workforce and is the largest layoff round since 2022. These reductions are occurring as the company faces challenges with decelerating growth and customer engagement. The affected departments primarily include product, tech, legal, and human resources. Co-CEOs Greg Peters and Ted Sarandos communicated these changes to employees.
https://www.wsj.com/business/media/netflix-eliminates-about-6-of-staff-in-biggest-cuts-since-2022-0a2d8ec3