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Netflix Is Reportedly Laying Off About 1,000 Employees, Making It The Biggest Round Of Job Cuts In Years

Netflix is making some major changes behind the scenes. The streaming giant plans to lay off approximately 6% of its workforce, impacting nearly 1,000 employees, as the company moves forward with broader “organizational changes.” Co-CEOs Greg Peters and Ted Sarandos announced the cuts in a memo to employees Wednesday, noting that the company’s product, tech, legal and human resources teams would be among the hardest hit. RELATED: Representative For Diddy Speaks Out After Report Claims His Prison Life Includes Massages, Hennessy, Netflix & Paid Cleaners “Decisions like these are never easy, and we don’t take them lightly,” Peters and Sarandos wrote in the memo, which was obtained by The Associated Press.

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