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Netflix to Lay Off 800 Employees Amid Competition | Los Angeles News
Netflix is preparing to lay off approximately 800 employees, representing five percent of its workforce, as it faces fierce competition and stagnant subscriber growth. With viewing hours up just two percent this year, executives are under pressure to produce hits to maintain audience engagement. This struggle is compounded by a 21 percent drop in stock value, raising concerns among investors. As the streaming giant seeks to replace beloved series like "Stranger Things," upcoming projects will www.TheDailyNewsNow.com This is an automated, high-level news summary based on public reporting and…
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