Netflix Lays Off 6 Percent of Staff

Joe Flint and Jessica Toonkel, reporting for The Wall Street Journal last week: Netflix is cutting 6% of its staff, or roughly 1,000 positions globally, its biggest round of layoffs since 2022, as it struggles with slowing growth and customer engagement. Co-Chief Executives Greg Peters and Ted Sarandos said in an email to employees Wednesday morning that the bulk of the cuts would be in the streaming giant’s product, tech, legal and human-resources teams. The layoffs may have hit those teams (in