16 Hrs
Source:
Los Angeles Times
Netflix lays off 1000 after Warner Bros. deal
Netflix has announced the largest layoffs in its history, shedding about 1,000 jobs across the tech, product, legal, and HR divisions amid slowing subscriber growth and increased competition from other streaming services. Despite maintaining its position as a leading streaming platform with over 325 million subscribers, Netflix faces challenges in producing new hit content, with popular shows reaching their conclusions and viewership declines on some series. The company aims to focus on high-impact investments and upcoming releases to boost engagement, while also expanding into live sports and other content areas.
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