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Netflix reports 1,000 layoffs; co-CEOs emphasize resource allocation discipline

Stocktwits +1 ·

NFLX Netflix Inc
$70.57 +0.16%
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  1. 1Netflix is reportedly laying off 1,000 employees.
  2. 2Co-CEOs Greg Peters and Ted Sarandos told employees that they must exercise more discipline in manpower and resource allocation.
  3. 3Wall Street revenue estimates for the third quarter are $12.88 billion.

So what's the key point?

Netflix is reducing its workforce by 1,000 employees. This means the company intends to use its people and resources more efficiently.

Source Stocktwits +1 · View original ↗

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