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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.
Netflix falls 3.10% before Oct. 20 earnings as analysts track layoffs, forecasts, ad growth, retail sentiment, and U.S. engagement concerns today.
Netflix has announced its largest layoffs since 2022, cutting about 1,000 roles, or 6% of staff, mainly across product, technology, legal and HR, while stating that the business remains financially strong and focused on high impact areas. The cuts reshape Netflix’s cost base at the same time as it leans into…