“We Could Do Better” - Ted Sarandos Defends Decision to Fire 1000 Netflix Employees

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Factuality

Ownership

Netflix released, on Tuesday, a profit forecast for the fourth quarter below expected, days after the streaming pioneer had fired 6% of its workforce and replaced two of its main programming executives. Netflix's shares fell almost 6%, to US$ 64.66, in the post-market. The shares had [...]