Netflix cuts ~1,000 jobs as it pivots toward ads, live events, podcasts

TVREV’s Alan Wolk reports Netflix is laying off roughly 1,000 people across divisions this week, part of a push to look more like YouTube with ads, live events, podcasting and gaming rather than a traditional TV company.

Why it matters. Netflix must now prove it can build cultural relevance and ad scale beyond its library, or cede the “must-watch” crown it already lost to Apple TV.

Signal from TVREV · Alan Wolk · read the original.

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