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While Netflix continues to lead subscription streaming services, the company has continued to face growing scrutiny over how it plans to grow the Los Gatos company in the future.
Netflix is eliminating nearly 1,000 jobs worldwide, a restructuring that raises questions about the streaming giant's entertainment strategy, including its growing investment in Spanish-language productions and its operations in Latin America and Spain.
Netflix stock rose 0.7% as the company cut about 1,000 jobs, its biggest layoff since 2022. See what it means for growth and investors.