Netflix is laying off 6% of its workforce, in biggest round of job cuts at streaming giant in years

Netflix plans to lay off about 6 per cent of its workforce, amounting to nearly 1,000 positions, as the streaming giant makes wider “organisational changes.”

Co-CEOs Greg Peters and Ted Sarandos announced the job cuts in a memo to employees on Wednesday. They said the company’s product, tech, legal and human resources teams would be the most impacted.

“Decisions like these are never easy, and we don’t take them lightly,” Peters and Sarandos wrote in the memo. They maintained business was strong — but that Netflix needed to be “disciplined about where we prioritise our people and resources” as it invests in future growth and “high impact areas to improve our service.”