Technology8 sources
Netflix Lays Off 6% of Workforce, About 1,000 Employees
- Netflix is laying off about 1,000 employees, or 6% of its workforce, in its largest round of cuts since 2022.
- The layoffs primarily impact Netflix's product, tech, legal, and human resources teams.
- Co-CEOs Greg Peters and Ted Sarandos informed employees of the layoffs in an internal memo.
- The company cites growing competition from YouTube, TikTok, and other rivals as a contributing factor.
- Netflix's business remains strong despite the layoffs, according to the memo.
Articles (9)
WGN-TV Chicago·
Netflix is laying off 6% of its workforce, marking its biggest round of job cuts in years
The Hill·
Netflix laying off 6 percent of its workforce, marking biggest round of job cuts in years
Slashdot·
Netflix Cuts About 6% of Jobs In Biggest Layoffs Since 2022
The Verge·
Netflix is laying off around 1,000 employees
The Guardian·
Netflix to lay off about 1,000 employees in biggest cuts since 2022
Google News·
Netflix to lay off 1,000 staff amid intensifying competition for user attention
The Times of India·
Netflix lays off 1,000 employees; here are the teams hit the hardest
Variety·
Netflix Lays Off 6% of Employees, Elimination About 1,000 Jobs in Biggest Cutbacks to Date
Netflix Lays Off 6% of Employees, Elimination About 1,000 Jobs in Biggest Cutbacks to Date