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Netflix cuts nearly 1,000 jobs and fires two senior executives amid slowing growth

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Netflix co-CEO Greg Peters told staff at a town hall that the company is both growing and profitable, while acknowledging it must do more to accelerate expansion. The remarks come after the streaming service's most sweeping restructuring in years, which included close to 1,000 layoffs. The company also dismissed content chief Bela Bajaria and film head Dan Lin. The moves follow a slowdown in viewer engagement and a decline in the company's share price.

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