Netflix plans to cut 5% of its workforce, Puck News reports

Netflix is planning to reduce its overall workforce by 5%, according to reports from Puck News and Reuters. This strategic move involves cutting a small percentage of the company's total staff as part of its current operational adjustments. The news of these planned layoffs was first highlighted by Puck News and subsequently reported by Reuters, confirming the company's intention to decrease its employee count by the specified margin to optimize its internal organizational structure.