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Netflix lays off 1,000 employees, 6% of workforce, in major cutback

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Netflix is eliminating approximately 1,000 positions, representing about 6% of its global staff. According to reports, this is the company's largest round of layoffs since 2022. The reductions will primarily impact the product, technology, legal, and human resources departments. This move follows a period of slowing viewer growth and declining share price ahead of its quarterly earnings report.

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