Netflix cuts 1,000 jobs in its biggest layoffs ever despite soaring profits

Netflix is swinging the axe — laying off around 1,000 employees, representing 6% of its workforce, in what is its biggest layoff to date. Most of the layoffs will affect workers in Netflix’s product, technology, legal and HR teams, co-CEOs Ted Sarandos and Greg Peters wrote in an email to employees Wednesday morning about the layoffs. More from VarietyHow AI Is Used by Netflix at Its VFX Eyeline Studios, Revealed by VP Mohsen Mousavi at View ConferenceNetflix Scores Exclusive 2030 F