Netflix’s growth slowdown triggers major job cuts, with 1,000 roles affected
- Netflix plans to cut around 1,000 jobs, or 6% of its workforce, in its biggest round of layoffs since 2022.
- The cuts will mainly affect employees in product, technology, legal and human resources teams.
- The move comes amid slowing growth, rising competition for viewers and concerns over Netflix’s falling share price.
- Despite the layoffs, Netflix’s co-CEOs told staff that the company remains on track to meet its full-year financial forecast.
Source: economictimes.indiatimes.com
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