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Netflix is struggling to keep viewers glued to their screens, and now about 1,000 employees are paying the price, according to Variety<\/a>. The streamer is cutting 6% of its staff globally. It\u2019s the company\u2019s biggest round of Netflix layoffs since 2022.<\/p>\n In an email to employees Wednesday, co-CEOs Greg Peters and Ted Sarandos said most of the cuts will hit the product, tech, legal and human resources teams.<\/p>\n Netflix has been trying to win back viewers\u2019 time with live channels, video podcasts, YouTube creators\u2019 shows and live sports. Its U.S. cancellation rate of just over 2% is the best in the industry, according to The Wall Street Journal<\/a>. Still, shares are down more than 40% over the past 12 months.<\/p>\n The layoffs come a week before Netflix reports quarterly earnings. Peters and Sarandos said the company remains on track to meet its full-year forecast and will \u201ccontinue to invest aggressively in high-impact areas.\u201d<\/p>\n<\/p><\/div>\n Netflix is struggling to keep viewers glued to their screens, and now about 1,000 employees are paying the price, according to Variety<\/a>. The streamer is cutting 6% of its staff globally. It\u2019s the company\u2019s biggest round of Netflix layoffs since 2022.<\/p>\n In an email to employees Wednesday, co-CEOs Greg Peters and Ted Sarandos said most of the cuts will hit the product, tech, legal and human resources teams.<\/p>\n Netflix has been trying to win back viewers\u2019 time with live channels, video podcasts, YouTube creators\u2019 shows and live sports. Its U.S. cancellation rate of just over 2% is the best in the industry, according to The Wall Street Journal<\/a>. Still, shares are down more than 40% over the past 12 months.<\/p>\n The layoffs come a week before Netflix reports quarterly earnings. Peters and Sarandos said the company remains on track to meet its full-year forecast and will \u201ccontinue to invest aggressively in high-impact areas.\u201d<\/p>\n<\/p><\/div>\n