Netflix is bracing for its next round of layoffs as the streaming giant looks to cut costs in the wake of its stock troubles.
Impacted staff are expected to be told at the end of the week. It’s unclear what departments are going to be hit, but sources suggest that the cuts could be similar in size to the round of reductions undertaken in May. At that time, Netflix laid off 150 employees and dozens of contractors and part-time workers. When those cuts were announced, Netflix said that there would be other rounds of pink-slipping in 2022. Netflix maintains a global work force of roughly 11,000 staffers.
