Netflix Lays Off Around 1,000 Employees In Largest Cuts Since 2022

The cuts represent about 6 percent of the streamer's workforce as it seeks a reset in its business. Netflix staff were informed that the company will undergo significant layoffs Wednesday, a source confirms to The Hollywood Reporter, as the streaming giant seeks a reset amid efforts to keep its global business growing. The company is expected to cut about 6 percent of its workforce, or about 1,000 people, making it the largest staff reduction at the company since 2022. Netflix co-CEOs Ted Sarandos and Greg Peters announced the cuts in a memo to staff Wednesday morning. The company’s product, tech,...