Netflix Announces Layoff of Approximately 6% of Workforce
NFLX Netflix Inc
$70.46 -0.21%
View chart & analysis → - 1Netflix announced it is laying off approximately 6% of its employees.
- 2The layoffs primarily affect the product, technology, legal, and HR teams.
- 3Co-CEOs Ted Sarandos and Greg Peters stated the business is strong and on track to meet annual guidance.
So what's the key point?
Netflix has decided to let go of about 6% of its staff across various departments, including product and technology. The company says its business is doing well and it expects to reach its performance goals.
Source CNBC · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.