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Netflix announces its biggest layoffs to date, to fire 6% employees. Read the full letter of co-CEOs to staff

Netflix Greg Peters Ted Sarandos Layoffs

Netflix has announced its biggest layoffs till date. As per reports, the OTT major will cut 6 per cent of its workforce which is about 1000 jobs. Netflix has about 16,000 full-time employees as of date.

As per a report of the Variety, co-CEOs Ted Sarandos and Greg Peters announced the lay-offs to employees in an email on Wednesday morning. The job cuts will impact Netflix’s product, technology, legal and HR teams.

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