Netflix to cut 6% staff
Netflix has announced that it will lay off approximately 6% of its staff, totaling around 1,000 employees, with a focus on teams in product, technology, legal, and human resources. This move is part of a strategy to prioritize priorities and reduce costs. Although the company continues to report strong profits and growth, it faces challenges in increasing its subscriber base due to a slowdown in viewing time and rising competition from platforms like YouTube and companies such as Sky Dances, now merged between Paramount and Warner Bros. The company is focused on improving its services and boosting innovation to ensure sustained growth, with plans for further investments in content and technology. Its quarterly earnings results are expected to be announced on October 20.
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