Netflix Announces Layoffs of 1,000 Employees Amid Slowing Growth

Streaming giant Netflix is cutting approximately 1,000 jobs, representing 6% of its global workforce, primarily across product, technology, legal, and human resources teams. This marks the largest single job reduction at the company since 2022 and is attributed to slowing growth and declining viewer engagement. The company aims to prioritize resources and continue investing in high-impact areas.