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Netflix is cutting 6% of its workforce as its revenue growth slows

The layoffs will affect the company's product, tech, legal and HR teams, Netflix leaders said in a memo to employees.

  • Netflix is reducing workforce by 6%, affecting product, tech, legal, HR departments
  • Co-CEOs Ted Sarandos and Greg Peters emphasize strong, growing business
  • Layoffs occur as growth slows due to competition and saturated North American market

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