The Latest Breaking News from Ted Sarandos

Netflix Stock Tanks 5% as Revenue Growth Slows in Q3. How to Play NFLX Here.

Netflix beat profit forecasts, but a lower ad outlook, layoffs, and slowing revenue growth rattled investors. Here is what the NFLX sell-off means for you.

Barchart · Oct 23

As Netflix’s Slowdown Becomes More Palpable, I’m Still Not Giving Up on NFLX Stock

Netflix is crashing after the company gave disappointing guidance for Q4. It would, however, not be prudent to panic-sell despite the palpable slowdown.

Barchart · Oct 22

Netflix shares slide 4% as slowing sales growth raises fresh concerns

Netflix shares fell after the streaming giant reported its slowest sales growth in three years and forecast another quarter of slowing revenue growth. Its fourth quarter sales outlook missed analysts’ expectations, while weaker than expected advertising revenue added to concerns. The stock had already declined 30% this year, underperforming the…

The Economic Times · Oct 21

Netflix Swings the Axe on 1,000 Jobs as YouTube and TikTok Threaten Its Grip on Viewers

Netflix is cutting 1,000 jobs as YouTube and TikTok intensify the fight for viewers, putting subscriber engagement and future growth under scrutiny.

International Business Times UK · Oct 15

25 years ago, Netflix laid off a third of its employees and learned a lesson about 'talent density.' New cuts will test whether it still works

Netflix is only laying off 6% of its workforce now. Here's a look back at the defining cuts for the company, in 2022 and 2001.

Fortune · Oct 14

Netflix to Lay Off Nearly 1,000 Employees Despite Global Expansion. Its Stock is Falling.

The layoffs will primarily affect the company's product, technology, legal, and human resources departments.

International Business Times · Oct 14

Netflix is laying off 6% of its workforce, in biggest round of job cuts at streaming giant in years

Netflix plans to lay off about 6% of its workforce as part of wider organizational changes

The Independent UK · Oct 14

Netflix Cuts Nearly 1,000 Jobs: What Happens to Its Billion-Dollar Plans in Productions in Spanish and Portuguese?

Netflix is eliminating nearly 1,000 jobs worldwide, a restructuring that raises questions about the streaming giant's entertainment strategy, including its growing investment in Spanish-language productions and its operations in Latin America and Spain.

Latin Times · Oct 14

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

In a strategic move amid declining subscriber numbers, Netflix announced the layoff of approximately 1000 employees, making up about 6% of its workforce. The impacted roles will primarily come from product, technology, legal, and HR departments. Co-CEOs Ted Sarandos and Greg Peters informed the staff of this decision through an…

The Economic Times · Oct 14

Greta Gerwig debuts first look at an epic, full-hearted 'Narnia' for Netflix -- and the big screen

Greta Gerwig has debuted a first look at “Narnia: The Magician’s Nephew" that offers a full-hearted adaptation of C

The Independent UK · Oct 13