Netflix slashes 1,000 positions as streaming giant trims workforce

Netflix is cutting 1,000 jobs from its worldwide workforce, representing the largest round of layoffs since 2022, according to statements from the streaming platform. The reduction amounts to roughly 6% of the company's total headcount globally. The latest downsizing follows previous rounds of cost-cutting measures the Silicon Valley-based firm has implemented over the past year as it adjusts to evolving market conditions and business pressures. The company has been working to align its operations with current revenue streams while navigating competitive pressures in the streaming landscape. Affected employees are expected to be notified in the coming days, with severance packages and outplacement support to be provided to those impacted by the cuts.