Netflix to cut 6% of its workforce in biggest layoff at streaming giant in years

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In one of the biggest job cuts since 2022, Netflix plans to lay off about 6per cent of its workforce, amounting to nearly 1,000 positions. The layoff will impact company's product, tech, legal and human resources teams. Co-CEOs Greg Peters and Ted Sarandos announced the job cuts in an internal memo seen by AP which read - "Decisions like these are never easy, and we don't take them lightly." "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." 

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