Netflix to lay off 1,000 staff in steepest cuts since 2022

Image: BBC News
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- The cuts equate to around 6% of the streaming giant's total workforce worldwide.
- The streamer’s share price is down more than 40 percent over the last year as the company has struggled with stalling engagement.
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- Netflix said most of the cuts would affect its product, tech, legal, and human resources departments.
- Following a report last week that Netflix was planning to lay off five percent of the company, today the streamer's co-CEOs Ted Sarandos and Greg Peters announced in an email that it would actually be laying off six percent of its workforce, or around 1,000 employees, according to Variety, which…
- That's about 6 percent of its current workforce.