AIThe Next Webabout 1 hour ago
Netflix Prepares 5% Staff Layoffs Ahead of Q3
2 min read
Netflix prepares to cut about 5% of its workforce, potentially affecting roughly 800 people from its 16,000 full-time staff. This move follows a 9% share price drop and precedes October 20 results. The layoffs would be the company's largest since 2022, driven by competition from YouTube and a push to build AI skills.
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