Netflix announced about 1,000 employee layoffs this week, or about six percent of its 16,000-person staff. Previously, Netflix’s largest layoff was half that — 450 job cuts in 2022.
In a company-wide memo, co-CEOs Ted Sarandos and Greg Peters wrote in part, “We wanted to share that we are making a number of organizational changes and, as a result, we’ll be letting go of roughly 6% of our colleagues, with the greatest impact to our product, tech, legal, and HR teams.”
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