Netflix Plans to Cut 5% of Its Workforce, Puck News Reports
The move would affect about 800 workers and mark Netflix’s largest reduction since 2022, Reuters reported.
- Netflix may cut about 5% of its workforce, or roughly 850 jobs, according to Puck News.
- The reported layoffs could be announced as early as next week, but Netflix has not confirmed them.
- The reported cuts come as Netflix faces investor pressure, slowing viewer engagement, and stock-market concerns.
- Netflix recently acquired AI startup InterPositive, but the summaries indicate no direct link between that investment and the reported cuts.
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15 Articles
Netflix, an American striming company, plans to reduce about 5% of its employees as part of the forthcoming restructuring of business, reported to Puck Media. The American stripping platform intends to fire a large number of employees, about 5% of the company's state, sends RIA News with a reference to the American media company Puck. It is expected that it will be officially announced next week. The service has taken such measures against the b…
The Economic Times
Times of IndiaNetflix plans to cut about 5% of its workforce as early as next week, report says
Netflix is preparing to lay off approximately 5% of its workforce, with an announcement imminent next week. The decision follows previous layoffs in 2022, which saw hundreds of jobs cut. As Netflix faces stiff competition in the streaming market, it is adapting by diversifying its revenue sources. The company has been investing in advertising, live programming, and gaming to strengthen its offerings.
Netflix to cut 850 jobs next week, report says latest layoff round is part of restructuring
Netflix is reportedly preparing to cut around 850 jobs as part of a restructuring that could be announced next week. The move comes amid investor pressure over slowing audience engagement, stock strain and questions about future growth.
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