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Netflix reportedly plans to cut 5% of its workforce
Original: Netflix plans to cut 5% of its workforce, Puck News reports
Netflix is preparing to lay off roughly 5% of its workforce, according to a report by Puck News picked up by Reuters. The streaming company has not publicly confirmed the scale of the cuts, and details on which departments or regions will be affected remain unknown. The news adds Netflix to the list of major technology and media firms trimming staff.
Why now: Layoffs at one of the world's largest streaming companies are significant news for employees, investors and the media industry.
Evidence
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