Netflix reportedly preparing to cut 800 jobs

Netflix is reportedly preparing to cut around eight hundred jobs, equal to approximately five percent of its global workforce.

“Netflix is reportedly preparing to cut around eight hundred jobs, equal to approximately five percent of its global workforce. Reports in the United States suggest an official announcement could arrive this week as the streamer reviews costs across its business. The planned reduction comes as streaming competition intensifies and Netflix continues diversifying revenue beyond its core subscription model. For the media sector, the scale signals that even market leaders are tightening operations while funding content, advertising and new formats.”