Netflix announces its biggest layoffs to date, to fire 6% employees. Read the full letter of co-CEOs to staff
Netflix has announced its biggest layoffs till date. As per reports, the OTT major will cut 6 per cent of its workforce which is about 1000 jobs. Netflix has about 16,000 full-time employees as of date.
As per a report of the Variety, co-CEOs Ted Sarandos and Greg Peters announced the lay-offs to employees in an email on Wednesday morning. The job cuts will impact Netflix’s product, technology, legal and HR teams.
“Our mission — to entertain the world — is ambitious, and delivering on it requires us to be disciplined about where we prioritize our people and resources,” the co-CEOs said in the memo, as per Variety.
