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Netflix is cutting 1,000 jobs a week before earnings while insisting its forecast holds. The math says second-half growth has to slow to hold it.
Netflix announced plans of laying off about 6% of its global workforce. Here’s what it really means for NFLX shares.
In a memo, Netflix Co-CEOs Ted Sarandos and Greg Peters announced that 6% of the global staff (approximately 1,000 jobs) will be laid off.