Netflix Cuts 6% of Global Staff, About 1,000 Jobs Amid Slowing Growth
Macro·6 articles across 6 outlets
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
Netflix Inc. is cutting 6% of its global staff, or about 1,000 positions, as the streaming company is struggling with slowing growth. This marks the company's biggest round of layoffs since 2022, affecting employees across product, tech, legal, and HR departments.
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SourceReports the news
“Netflix Inc. is cutting 6% of its global staff, or about 1,000 positions, as the streaming company is struggling with slowing growth, the Wall Street Journal reported.”
Bloomberg — Netflix to Cut 6% of Global Staff, About 1,000 Jobs, WSJ Says“Netflix is cutting about 1,000 employees in the face of slowing engagement growth and a stagnant stock price.”
business insider — Netflix just started its biggest round of layoffs in years“Wall Street Journal: Memo: Netflix is cutting 6% of its staff, or ~1,000 jobs globally across product, tech, legal, and HR, its biggest layoffs since 2022, amid slowing growth — Job cuts”
techmeme — Memo: Netflix is cutting 6% of its staff, or ~1,000 jobs globally across product, tech, legal, and HR, its biggest layoffs since 2022, amid slowing growth (Wall Street Journal)