Netflix cuts roughly 1,000 jobs in product, tech, legal and HR a week before it reports earnings
Netflix is cutting about 1,000 jobs, 6% of its workforce, in its largest layoff to date, according to a memo from co-CEOs Ted Sarandos and Greg Peters. The shares are down more than 40% in 12 months, the Wall Street Journal reported, and earnings land on Oct. 20.
Perspective Coverage
34 publishers- Builder
- Builder 14%
- Operator
- Operator 36%
- Investor
- Investor 50%
Reality
- Evidence82
- Adoption
- Not scored
- Hype gap+15
- Incentives
- Not scored
- Confidence80