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Quarterly Earnings

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Netflix Cuts 1,000 Jobs, Its Largest Layoffs Since 2022

Netflix is laying off about 1,000 employees, or 6% of its global workforce, according to Variety. Co-CEOs Greg Peters and Ted Sarandos told staff in an email that the cuts will mostly affect product, technology, legal and human resources teams. The reductions come a week ahead of the company's quarterly earnings report.