EQUIPThe Verge · 51m ago
Netflix is laying off around 1,000 employees
Executive Brief
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Netflix co-CEOs Ted Sarandos and Greg Peters announced the termination of approximately 1,000 employees, representing six percent of the total workforce. This workforce reduction exceeds previous estimates of five percent reported earlier this month.
- 01Co-CEOs Ted Sarandos and Greg Peters confirmed the layoffs in a company-wide internal email
- 02The reduction impacts six percent of staff across the global streaming organization
- 03Final layoff figures surpassed initial market projections by one percentage point
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Following a report last week that Netflix was planning to lay off five percent of the company, today the streamer's co-CEOs Ted Sarandos and Greg Peters announced in an email that it would actually be laying off six percent of its workforce, or around 1,000 employees, according to Variety, which obtained a copy of the […]