Netflix is laying off about 1,000 employees, roughly 6% of its staff, six days before it reports quarterly earnings. Its shares have lost about 41% of their value over the past year.
The last time Netflix cut jobs on this scale, in 2022, the stock had already hit its low. That bottom came four trading days before the first round of layoffs, according to Yahoo Finance price data.
Who Is Losing Their Job at Netflix?
Co-CEOs Greg Peters and Ted Sarandos told staff by email that morning. Most of the roles are in product, technology, legal, and human resources. It is the company’s largest layoff round since 2022.
“…delivering on it requires us to be disciplined about where we prioritize our…
