Netflix plans to cut about 1,000 jobs as growth slows

Netflix said it will cut roughly 1,000 jobs worldwide, or about 6% of its workforce. Netflix’s streaming business depends on programming and technology to attract and retain viewers, while its global staff support both the content people watch and the service that delivers it. Reports said the company is making the cuts as it faces slower growth. After years of rapid expansion, the plan signals a more cautious approach to hiring and spending as Netflix tries to sustain its previous pace of growth.