Videostreaming: Netflix streicht rund 1000 Jobs

Netflix, the leading streaming video company, is cutting around 1,000 jobs as its business growth slows down, according to an email from Co-Chiefs Greg Peters and Ted Sarandos to employees. The company, which had approximately 16,000 employees at the end of the previous year, now expects around 1,000 positions to be eliminated. This reduction accounts for approximately six percent of the workforce.

Sarandos had previously mentioned in a conference appearance that the company was growing slower than desired. Netflix, the clear market leader in video streaming with over 325 million household subscribers, recently attempted to acquire Warner Bros. Studio, owned by the Hollywood giant Warner Brothers, but was outdone by Paramount, which now aims to create a strong rival alongside Warner's streaming service HBO Max.

The cuts are expected to affect areas such as HR, legal, and technology. Despite the job cuts, the company's leaders emphasized that Netflix would continue to invest in promising growth areas, but must remain disciplined and prioritize accordingly. Netflix will release its latest quarterly figures next week.