Netflix to Lay Off Nearly 1,000 Employees Despite Global Expansion. Its Stock is Falling.

Source: International Business Times

The layoffs, announced Wednesday, October 14, will primarily affect the company's product, technology, legal, and human resources departments. Patrick T. Fallon/AFP via Getty Images Netflix is laying off approximately 1,000 employees, or 6% of its global workforce, in its largest round of job cuts since 2022 even as the streaming giant continues investing billions of dollars in original programming, international productions and new entertainment ventures.

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