Netflix is laying off 6% of its workforce, in biggest round of job cuts at streaming giant in years
Netflix announced plans to lay off about 6% of its workforce, equating to nearly 1,000 positions, as part of broader organizational changes. Co-CEOs Greg Peters and Ted Sarandos communicated the job cuts in a memo. This significant reduction marks the largest round of layoffs at the company in years, reflecting ongoing challenges in meeting Wall Street's expectations for the third quarter.