Business
Netflix cuts 6% of workforce amid slowing revenue growth
Netflix is reducing its staff by 6% as it faces slower revenue growth and restructures its programming division.
Coolcaesar / CC BY-SA 4.0, via Wikimedia Commons
Netflix is laying off 6% of its workforce following the release of its latest quarterly earnings, NPR Business reported.
The company is experiencing slower revenue growth, which has prompted a regrouping effort.
As part of this effort, Netflix is overhauling its programming unit to address current challenges.
These changes come as Netflix adapts to shifts in the streaming market and seeks to improve its financial performance.
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