TechTechSpotabout 3 hours ago
Netflix Cuts 1,000 Jobs in Largest Layoff
2 min read
Netflix co-CEOs Ted Sarandos and Greg Peters announced Wednesday a workforce reduction of roughly 6%, equating to 1,000 jobs. The cuts impact product, legal, tech, and human resources divisions, marking the company's largest reduction since 2022. Shares are down 22% year to date as performance cools since the summer of 2025.
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