The job cuts affect 6% of its staff and come as the company struggles with slowing growth. Source: Wall Street Journal US Business · Summarized by HeadlinesBriefing Related articlesAlibaba Leaders’ Buying Does Little to Ease Share Sale FalloutAlphabet Loses $692 Billion in Market Value as AI Questions RiseAsian Stocks Set to Extend AI Chip-Fueled Selloff: Markets WrapAsia Tech Shares Swing Wildly as A.I. Jitters PersistAdvantest Shares Decline After Outlook Misses on Tight CapacityMore from Wall Street Journal US BusinessWhy Stuffy Law Firms Are Suddenly Acting Like Consumer BrandsAmerican Electric Power to Invest $4 Billion in Fuel Cell Project to Meet Energy Demand From GoogleChinese Automakers Are Building American-Style Cars—Just Not for AmericansBroad Pickup in Prices Lifted Inflation to 3.7% in SeptemberFastenal Profit Up as Spending ClimbsLatest in Public MarketsFreshfields partners explore carve-out of AI unit worth ‘billions’, leaked emails reveal · Financial Times CompaniesZelensky Visits U.K. as Ukraine Presses Allies on Intelligence Sharing · New York Times Top StoriesSurging Inflation Complicates Trump’s Final Push to Sell Voters on Strong Economy · New York Times BusinessOpenAI claims employee sent secret device information to Apple · Financial Times CompaniesBerkshire Hathaway Builds 4% Stake in Bending Spoons · Wall Street Journal MarketsRelated briefingsMarkets 24-Hour BriefingMarkets 8-Hour BriefingHomePublic MarketsNetflix Eliminates About 1,000 Jobs in Biggest Cuts Since 2022SectionsHomePublic MarketsPrivate MarketsTech & GamesMobileDeveloperF1Sports