Netflix to shed 1,000 jobs in steepest cuts since 2022
Originally published by Kahawatungu — Read the original article →
Netflix has said it will cut 1,000 jobs globally as the streaming giant faces competition from rivals.
The cuts – the steepest since 2022 – will mainly affect its human resources, legal, product and technology teams and equates to around 6% of its total workforce.
Last month, Netflix ‘s co-chief executive, Ted Sarandos, told the Bloomberg Screentime summit that the company was “not growing as fast as I want us to”.