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Netflix to lay off about 1,000 workers in largest cuts yet
Original: Report: Netflix to lay off about 1,000 workers in largest job cuts to date
Netflix is reportedly preparing to lay off roughly 1,000 employees, its largest round of job cuts to date. The reported reductions mark a significant scaling back at the streaming company, which had grown its workforce rapidly in recent years. News of the layoffs is drawing widespread attention as workers and industry watchers assess what the cuts mean for the company's future.
Why now: Reports of Netflix's largest-ever layoffs signal a major shift at a leading streaming company, prompting concern about the industry's direction.
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