The streamer’s share price is down more than 40 percent over the last year as the company has struggled with stalling engagement.
Netflix, Facing Slowing Growth, Cuts 6% of Its Work Force. The New York Times Business reported that the streaming giant is reducing its workforce by 6% amid slowing subscriber growth and declining engagement. The company’s share price has fallen more than 40% over the past year, reflecting investor concerns over its growth trajectory. Leadership emphasized the need for operational efficiency while maintaining content investment to regain momentum.
Source: New York Times Business · Summarized by HeadlinesBriefing