Wall Street Journal: Netflix to Cut 6% of Its Workforce

Netflix to Cut 6% of Its Workforce: Netflix is laying off about 1,000 employees.

Netflix is ​​laying off about 1,000 employees. Netflix was laying off 6% of its workforce Rising gasoline prices accounted for more than half of the jump in US inflation Gasoline prices rose 9.1% in September; Meanwhile, fuel oil prices, including diesel, jumped as US inflation jumped; The probability of an interest rate hike by the Federal Reserve increased. On the Colchi forecasting platform, the probability of the Federal Reserve raising interest rates in October is now estimated at 33%; Meanwhile, Kuwait's plan to cross the Strait of Hormuz; Construction of the pipeline with Saudi Arabia and the UAE in a view of Kuwait to reduce dependence on the Strait of Hormuz and ensure the security of oil exports, feasibility studies of two alternative projects Monthly changes in the US Consumer Price Index - September Monthly changes in the US Core Consumer Price Index - Core Consumer Price Index (September) Real ………………. 0.3 percent forecast ………….. Simkas, member of the European Central Bank: Recent data suggests the possibility of further tightening of monetary policy Simkas, from the officials of the European Central Bank (ECB), said that recent data shows that there may be further tightening of monetary policy by subscribing to the YouTube and Times newsletter.

Netflix is laying off about 1,000 employees.

Netflix is laying off 6% of its workforce; This action is considered to be the biggest wave of retrenchment in this company since 2022, and it is done in the conditions of slowing growth and declining user engagement.

Netflix shares have fallen by more than 40% over the past year.

This retrenchment takes place only one week before the release of the company's financial report; Netflix, however, kept its full-year financial guidance unchanged.