Netflix cuts about 1,000 jobs, roughly 6% of its workforce

Deadline reports Netflix began layoffs on October 14, eliminating about 1,000 jobs, or roughly 6% of its workforce. A memo from co-CEOs Ted Sarandos and Greg Peters says product, tech, legal and HR teams will be hit hardest. They say Netflix remains on track for its full-year forecast. On October 9, Puck had reported that a planned 5% cut could affect about 850 jobs.