Netflix Hasn't Cut This Many Jobs Since Its Subscriber Scare. So Why Now?
Netflix plans to cut 1,000 jobs as growth and viewing slow. The company is set to report Q3 earnings next Tuesday.
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Why It Matters
Netflix is laying off 1,000 people because fewer people are watching and signing up. When a company cuts jobs, it often means the company thinks times will be tougher soon.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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