Netflix prepares to cut approximately 5% of global workforce amid slowing growth
NFLX Netflix Inc
$70.30 -1.77%
View chart & analysis → - 1Netflix will implement a plan to reduce its global workforce by 5% as early as next week.
- 2Approximately 800 out of Netflix's 16,000 full-time employees worldwide are expected to be affected.
- 3Netflix shares have fallen 42% since the start of the Warner Bros. Discovery acquisition proposal.
So what's the key point?
Netflix plans to reduce its global staff by about 800 people. The company is undergoing significant changes following a 42% drop in its stock price.
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