Netflix can’t fire its way out of this downward spiral
Summary
Netflix executives recently assured investors that the streaming company remains stable despite upcoming workforce reductions. The platform plans to eliminate one thousand jobs across multiple departments and remove several high-ranking film executives.
Netflix co-CEO Ted Sarandos. | Photo by Noam Galai/Getty Images Netflix co-CEOs Ted Sarandos and Greg Peters assured investors this week that they have nothing to be concerned about. Sure, the company was going to lay off 1,000 employees, downsizing its product, tech, and legal departments, and was ousting its chief content officer, film chairman, and film vice president. But…
Source: Read the full story at The Verge
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