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Netflix is laying off about 1,000 employees, roughly 6% of its staff, six days before it reports quarterly earnings. Its shares have lost about 41% of their value over the past year.The last time Netf
Key Stats for Netflix StockPrice change for Netflix stock in the last 6 months: -34%$NFLX Stock Price as of Oct. 15: $7352-Week High: $125$NFLX Stock Price Target: $92What Happened?Netflix (NFLX:NASDAQ) is laying off about 6% of its workforce, or roughly 1,000 employees, the company’s biggest cut since 2022.
Netflix stock fell as investors reacted to the company’s larger-than-expected job cuts and a report showing heavy subscriber churn.