Netflix cuts 1,000 jobs in its biggest layoffs since 2022; CEOs issue letter to staff – ‘Our mission is…’

Netflix has announced its most significant workforce reduction to date. According to reports, the streaming platform will eliminate 6 percent of its staff, representing approximately 1,000 positions. This is Netflix’s biggest round of layoffs since 2022, as per Wall Street Journal.

The company currently maintains a full-time workforce of around 16,000 employees.