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Netflix is laying off roughly 6% of its workforce
Netflix said it did not have additional comments beyond the co-CEOs' memo.
✓Source-backed summarySource: CNBC
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THE VERIFIED BREAKDOWN
- Netflix said on Wednesday that it will lay off roughly 6% of its employees, according to a memo obtained by CNBC.
- The job cuts will largely impact the product, tech, legal, and HR teams.
- Co-CEOs Ted Sarandos and Greg Peters wrote that Netflix remains on track to deliver its full year forecast.
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