Netflix slashes 1,000 jobs in largest workforce reduction in four years
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In a nutshell: Netflix is the latest streaming giant to dial back its global workforce amidst sluggish growth and customer interest. In an internal memo circulated Wednesday, co-CEOs Ted Sarandos and Greg Peters said they would be saying goodbye off roughly 6% of their staff.
The cuts equate to roughly 1,000 jobs, and mostly affect those in product, legal, tech, and human resources divisions. According to The Wall Street Journal, the round of layoffs is the company's largest since 2022.
Netflix's struggles aren't new, nor have they gone unaddressed. The streaming giant has explored multiple strategies as of late to boost engagement, with varying degrees of success.
Earlier this year, Netflix launched a kid-friendly gaming app called Playground. In July, they celebrated 10 years of Stranger Things with VHS-style tributeto the...
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