Netflix plans to cut nearly 1,000 jobs, about 6% of its workforce, as part of its "organizational changes". The company cited a need to prioritize resources and focus on high-impact areas to improve its service. Despite growing profits, Netflix's forecast for the third quarter fell below expectations, amid increasing competition in the streaming space.
Source: thehindu.com
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According to verified reporting, this development signals: Netflix plans to cut nearly 1,000 jobs, about 6% of its workforce, as part of its "organizational changes".
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