Yhn BusinessBusiness first seen 2 d ago, last 1 h ago, peak #6
Netflix to cut 5% of its workforce
Original: Netflix plans to cut 5% of its workforce
Netflix plans to lay off roughly 5% of its workforce, according to a report by Puck News picked up by Reuters. The streaming company has not detailed which teams or regions will be affected. The news is drawing wide attention as another sign of cost discipline in the tech and media sector, where layoffs have continued despite strong subscriber growth.
Why now: Readers are reacting to fresh layoff news from one of the world's biggest streaming companies.
Rank over time, top of the chart is #1. 52 snapshots from 2 d ago to 1 h ago.
Evidence
- Netflix plans to cut 5% of its workforce · theanonymousone · 35
API: https://socialmediatrends-api.osmike.com/v1/trends/1655236