Netflix Layoffs Underway, Streamer Eliminating About 1,000 Jobs, 6% Of Its Workforce

Netflix has initiated a major round of layoffs today, cutting about 6% of its global staff or some 1,000 jobs in its biggest round of job cuts in four years. The cuts were expected as the company faces slower growth and competition. Co-CEOs Ted Sarandos and Greg Peters unveiled the move in a memo…

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