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Latest this week: Netflix (NFLX) Cuts 1,000 Jobs, 6% of Staff, Six Days Before Earnings
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Netflix (NFLX) Cuts 1,000 Jobs, 6% of Staff, Six Days Before Earnings
Netflix is cutting about 1,000 jobs, roughly 6% of its workforce, six days before its October 20 earnings report. The stock is down 41% in a year.
NFLXNetflix (NFLX) Co-CEO Sarandos Says Live Events Take 5% of Budget for 1% of Viewing
Netflix (NFLX) co-CEO Ted Sarandos said on Thursday that the streamer is growing more slowly than he wants, telling Bloomberg's Screentime event in Los Angeles that the company's own spending choices are creating much of the drag.
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