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Netflix to cut 5% of its workforce
Original: Netflix plans to cut 5% of its workforce
Netflix is planning to cut about 5% of its workforce, according to a report by Puck News picked up by Reuters. The planned layoffs affect staff across the streaming company, though details on which departments or regions will be hit have not been confirmed. The news has drawn attention as Netflix continues to adjust spending across its business.
Why now: Major layoffs at one of the world's largest streaming companies naturally draw widespread attention and concern about the reasons behind the cuts.
Evidence
- Netflix plans to cut 5% of its workforce · theanonymousone · 35
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