Netflix will lay off roughly 6% of its workforce, largely in product, tech, HR and legal, according to a memo obtained by CNBC. Netflix reports quarterly earnings on Tuesday. Co-CEO Ted Sarandos said ...

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Streaming company faces ⁠tough competition for viewers and engagement ⁠from legacy rivals and YouTube Netflix is laying off 6% of its workforce, ⁠or roughly 1,000 employees, in its biggest cuts since ...

Netflix is planning a major round of layoffs coming as soon as next week that would cut about 5% of its headcount, according to a new report. The streaming giant plans a significant restructuring that ...