From Variety · Todd Spangler · · 40s
Netflix Plans 5% Layoffs
Netflix reports upcoming layoffs affecting 5% of staff.
In brief
Netflix reports upcoming layoffs affecting 5% of staff. Netflix plans to cut 5% of its workforce in a major restructuring move. Originally reported by Variety.
Netflix
Netflix is planning a major round of layoffs coming as soon as next week that would cut about 5% of its headcount.
Report Details
The streaming giant plans a significant restructuring that 'will impact' about 5% of staffers and 'could be announced as early as next week,' according to a report by Puck News.
Spokesperson Silence
A Netflix spokesperson declined to comment. It’s not clear which departments would be most heavily affected by the reported cuts.
The big picture
Netflix plans to cut 5% of its workforce in a major restructuring move.
