Netflix Announces Layoffs Affecting Approximately 6% of Its Workforce
Netflix announced that it will lay off approximately 6% of its workforce, according to a memo obtained by CNBC. The layoffs are expected to primarily affect teams in product development, technology, legal affairs, and human resources. The co-CEOs, Ted Sarandos and Greg Peters, emphasized the need for discipline in resource allocation as part of Netflix's mission to entertain globally. They stated that despite these cuts, the company remains on track to meet its full-year financial forecast and will continue investing heavily in high-impact areas to drive growth. Netflix has not provided further comments beyond what was included in the memo from its co-leadership.
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Topics: corporate restructuring layoffs Netflix
Part of the story Netflix Announces Layoffs Affecting Around 1,000 Employees (3 articles)