Netflix is laying off around 1,000 employees

Following a report last week that Netflix was planning to lay off five percent of the company, today the streamer’s co-CEOs Ted Sarandos and Greg Peters announced in an email that it would actually be laying off six percent of its workforce, or around 1,000 employees, according to Variety, which obtained a copy of the memo. That makes this Netflix’s largest round of layoffs so far, following the company cutting 150 jobs in May 2022, and an additional 300 in June 2022 in an attempt to reduce costs following slower revenue growth.