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Netflix lays off 6% of workforce

By ,
today at 11:21 AM
Published 11:24 AM

(CBS, KYMA) - Netflix is laying off six-percent of its workforce, or about 1,000 jobs. This marks the biggest cutbacks to date for the streaming giant.

In a memo obtained by CBS News, the co-CEOs, Ted Sarandos and Greg Peters, said the greatest impact would be to product, tech, legal, and HR teams.

"Decisions like these are never easy, and we don't take them lightly," the memo said, adding thanks to those who were leaving for the work and impact they've made on the company.

The layoffs were first reported by the Wall Street Journal.

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