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Wall Street Journal ·

Memo: Netflix is cutting 6% of its staff, or ~1,000 jobs globally across product, tech, legal, and HR, its biggest layoffs since 2022, amid slowing growth

Job cuts affect about 1,000 positions and come as the company struggles with slowing growth

Netflix
In this story Netflix
Memo: Netflix is cutting 6% of its staff, or ~1,000 jobs globally across product, tech, legal, and HR, its biggest layoffs since 2022, amid slowing growth

Lead Source

Wall Street Journal — Memo: Netflix is cutting 6% of its staff, or ~1,000 jobs globally across product, tech, legal, and HR, its biggest layoffs since 2022, amid slowing growth ↗

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Oct 14Oct 15

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Discussion

@roryblank @rbreich @ninametz @joshsternberg.com
r/entertainment r/technology r/bayarea r/business r/Layoffs
Omari Sealey Heather Noddings Kyle Pickering Michael Orozco Jr Jasmin Pezzotti Chris Heatherly Daniel Worku Ryan Liu Jill Brodie James Faris Adam Mulder Nicole L. Jessica Toonkel
@bennyjohnson @pkafka @variety @catturd2 @discussingfilm @claytravis @kasey__moore @leehepner @julianakilrose @gunnelswarren @getthedailydirt @spencerpratt @rahll @tvgrimreaper @claytravis @jbflint @cgasparino @mbrleigh @xpangler @jbflint

Related stories

Puck: Netflix is preparing to cut ~5% of employees, or ~850 jobs, as early as next week, amid pressure over weakened engagement and a depressed stock price
Reuters: Memo: eBay is cutting ~9% of its workforce to simplify operations and reallocate resources toward high-growth areas; eBay cut 6%, or ~800 staff, in February
Game File: Netflix is closing game studios Night School Studio, which it acquired in 2021, and Moonloot, and is also cutting jobs from its internal games team
Reuters: Flock plans to let go of ~270 employees, or 18% of its staff, at the end of October; the layoffs come after a voluntary buyout program in September
Wall Street Journal: Ted Sarandos complained for months of a lack of new Netflix hit shows and US watch time being down; Netflix just fired its film chief and content chief

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