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Netflix to Lay Off Approximately 6% of Staff
CNBC
47m ago
Ai Focus
Netflix stated on Wednesday that it will lay off about 6% of its staff, mainly affecting the product, technology, legal, and human resources teams. Co-Chairmen CEO Ted Salandos and Greg Peters said in an email to employees that the company's business is growing strongly and they are still on track to meet the annual targets.
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Netflix stated on Wednesday that it will lay off about 6% of its staff, according to a memorandum seen by CNBC.

This round of layoffs will mainly affect the product, technology, legal, and human resources teams.

Co-CEOs Ted Salandos ( Ted Sarandos ) and Greg Peters ( Greg Peters ) wrote in an email to employees: "Our mission – to fill the world with entertainment – is ambitious, and to achieve this goal, we need to maintain discipline in prioritizing the allocation of personnel and resources. Our business is strong and continues to grow, and we are still on track to meet our annual expectations. We will continue to make active investments in high-impact areas to improve our services and further drive growth and innovation. To do this means making focused choices in all aspects of our business, so that we can continue to bring value to our members, partners, employees, and investors."

Netflix indicates that there are no additional comments aside from the memorandum from the co-CEO.

This is breaking news. Please refresh later for updates.

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