Netflix readies layoffs affecting 5% of staff, Puck reports
Puck’s Matthew Belloni reports that Netflix is preparing a restructuring cutting about 5 percent of its roughly 17,000 employees, or around 850 jobs, with an announcement possible as early as next week. Netflix declined to comment to Puck on the plan.
Why it matters. Netflix must manage morale and output risk as it trims roughly 850 jobs while competitors undergo similar restructuring.
Based on reporting by thewrap.com — Lucas Manfredi · puck.news — Matthew Belloni · hollywoodreporter.com — Erik Hayden, Borys Kit.
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