Netflix cuts 1,000 jobs, its biggest layoffs since 2022

The Wall Street Journal’s Walden Siew reports Netflix eliminated roughly 1,000 jobs, its largest cuts since 2022, hitting product, tech, legal and HR teams as co-CEOs Greg Peters and Ted Sarandos cited slower growth and declining engagement.

Why it matters. Streamers now face pressure to justify subscription and ad revenue growth with leaner teams as engagement growth slows.

Signal from wsj.com · Walden Siew · read the original.

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