Netflix to lay off about 1,000 employees in biggest cuts since 2022

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Guardian Business

Netflix to lay off about 1,000 employees in biggest cuts since 2022

Streaming company faces ⁠tough competition for viewers and engagement ⁠from legacy rivals and YouTube Netflix is laying off 6% of its workforce, ⁠or roughly 1,000 employees, in its biggest cuts since 2022, according to an internal memo seen by Reuters, as the streaming pioneer faces ⁠tough competition for viewers ⁠from legacy rivals and YouTube. The bulk of the job cuts would be in Netflix’s product, tech, legal an…