Netflix fires 1,000 workers as it struggles to keep audiences watching: report
Netflix fires 1,000 workers as it struggles to keep audiences watching: report
admin 4 days agoNetflix is reportedly laying off 1,000 workers – the streaming giant’s biggest cuts since 2022.
Netflix is reportedly laying off 1,000 workers – the streaming giant’s biggest cuts since 2022.
Staff were told Wednesday that about 6% of the workforce – within product, tech, legal, and human resources teams – was being slashed, according to a memo obtained by the Post.
“Our mission—to entertain the world—is ambitious, and delivering on it requires us to be disciplined about where we prioritize our people and resources,” top execs Greg Peters and Ted Sarandos were quoted as telling employees in an message that was first obtained by the Wall Street Journal.
The company still has the most subscribers out of any other streaming service, with 325 million worldwide, but shares have fallen 40% percent in the past year. Netflix stock went up about 1% after the layoff news broke.
The TV and film disruptor has been struggling to keep audiences engaged. Bloomberg reported over the summer that the...
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Netflix is reportedly laying off 1,000 workers – the streaming giant’s biggest cuts since 2022.
Staff were told Wednesday that about 6% of the workforce – within product, tech, legal, and human resources teams – was being slashed, according to a memo obtained by the Post.
“Our mission—to entertain the world—is ambitious, and delivering on it requires us to be disciplined about where we prioritize our people and resources,” top execs Greg Peters and Ted Sarandos were quoted as telling employees in an message that was first obtained by the Wall Street Journal.
The company still has the most subscribers out of any other streaming service, with 325 million worldwide, but shares have fallen 40% percent in the past year. Netflix stock went up about 1% after the layoff news broke.
The TV and film disruptor has been struggling to keep audiences engaged. Bloomberg reported over the summer that the...
➤➤➤ SEE MORE
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