ET Net News Agency reported on the 15th that Netflix (US.NFLX) said on Wednesday (14th) that it will lay off about 1,000 people, about 6% of its workforce. The layoffs will mainly affect product, technology, legal, and human resources teams.
Netflix co-CEOs Sarandos and Peters said in an email that the company's business is strong and growing, and it is still on track to achieve its full-year forecast. However, the company needs to make choices across its business to continue serving its members, partners, employees, and investors.
Netflix will release its quarterly earnings on October 20. A few weeks before this round of layoffs, Sarandos told attendees at a meeting that the company's "growth rate is not as fast as I would like." (rc)
Netflix co-CEOs Sarandos and Peters said in an email that the company's business is strong and growing, and it is still on track to achieve its full-year forecast. However, the company needs to make choices across its business to continue serving its members, partners, employees, and investors.
Netflix will release its quarterly earnings on October 20. A few weeks before this round of layoffs, Sarandos told attendees at a meeting that the company's "growth rate is not as fast as I would like." (rc)