Netflix plans to reduce workforce by approximately 5% next week
NFLX Netflix Inc
$70.30 -1.77%
View chart & analysis → - 1Netflix plans to execute a workforce reduction of approximately 5% next week.
- 2Netflix repurchased $4.7 billion worth of its own shares in the second quarter.
- 3Netflix recorded a stock price change rate of -32% over the past 6 months.
So what's the key point?
Netflix plans to reduce its staff by about 5 percent next week. The company bought $4.7 billion of its own shares during the second quarter, and its stock price has changed by 32 percent over the last 6 months.
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