Business · 1 hour ago
Netflix cuts around 1,000 jobs in its largest round of layoffs since 2022
Photo: netflix.com (CC BY 4.0)
The streaming firm told staff on Wednesday that these departures will largely hit its technology, product, and human resources departments. Co-chief executives Greg Peters and Ted Sarandos explained in a memo that they need strict control over company resources. Investors are increasingly worried about free video apps like TikTok and YouTube stealing crucial viewer attention.
Reported by Reuters · How we write briefs