Netflix has recently reduced its workforce by approximately 1,000 employees, representing about 6% of its staff. This decision comes as the company navigates a rapidly evolving media landscape. Co-CEO Greg Peters stated that these cuts are necessary to ensure efficient investment and resource allocation. The company aims to be disciplined in its focus and operations to support long-term growth. These layoffs followed significant leadership changes within the content division.
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https://deadline.com/2026/10/netflix-greg-peters-layoffs-growth-1237169073/