Videostreaming: Netflix streicht rund 1.000 Jobs

Netflix, the leading video streaming platform, is cutting around 1,000 jobs due to slower growth in its business, according to a recent email from Co-Chiefs Greg Peters and Ted Sarandos. The company employed approximately 16,000 people at the end of last year, meaning the job cuts would amount to roughly six percent of its workforce.

Sarandos had recently stated that Netflix's growth was slower than desired. While Netflix remains the dominant player in the video streaming industry with over 325 million households as customers, user numbers are now only released irregularly. Last year, Netflix attempted to acquire Warner Brothers' studio but was outbid by entertainment giant Paramount.

Paramount now plans to team up with Warner's HBO Max streaming service to challenge Netflix's dominance. The email from Netflix warns that job cuts will affect areas such as HR, legal, and technology. Despite the layoffs, both Peters and Sarandos emphasized that Netflix will continue investing in growth areas, but they must remain disciplined and set priorities. The company will release its latest quarterly figures next week.