Breaking Hype
Netflix Preps Massive Layoffs Amid Stalled Growth and Falling Stock
Layoffs are coming to Netflix. Sources confirm a major workforce reduction is imminent, with timing possibly starting Friday. The exact size is uncertain—Puck cites a possible 5% cut—but the pressure is mounting. Stock down 40% in a year. Growth flat. Co-CEO Ted Sarandos admitted it: they’re not moving fast enough. The last big cut was in 2022. This one could reshape the streamer’s future.
3 hours ago1 min