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Netflix just axed 6% of its workforce and replaced its content chief days before a major earnings report, and the executive Sarandos chose to fill the role signals a sharp turn in how the company plans to compete.
Netflix, the world’s largest online video streaming platform, is set to make sweeping workforce cuts. The move is seen as an effort to streamline the organization as competition in the content market ..
CHICAGO (AP) — Netflix plans to lay off about 6% of its workforce, amounting to nearly 1,000 positions, as the streaming giant makes wider “organizational changes.”