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Netflix plans to cut 5% of its workforce
Netflix is planning to lay off roughly 5% of its workforce, according to a report by Puck News picked up by Reuters. The reported cuts would affect thousands of employees across the streaming company. It is not yet clear which departments or regions will be hit, and Netflix has not commented in detail. The report comes amid ongoing cost-cutting pressure across the technology and media sector.
Why now: News of layoffs at one of the world's largest streaming companies raises questions about cost-cutting and the health of the streaming business.
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- Netflix plans to cut 5% of its workforce · theanonymousone · 35
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