Netflix laying off 6 percent of its workforce, marking biggest round of job cuts in years
Summary
Netflix is planning to cut 6 percent of its workforce, the largest job reduction in recent years. The job cuts will mainly affect the product, technology, legal, and human resources teams.Key Facts
- Netflix is laying off 6 percent of its employees.
- This is the biggest round of job cuts the company has had in years.
- The teams most affected include product, technology, legal, and human resources.
- The information comes from a memo by Netflix co-CEOs Greg Peters and Ted Sarandos.
- The layoffs reflect changes within the company’s business structure.
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