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Netflix Announces Layoffs
- Netflix is laying off about 1,000 employees, roughly 6% of its workforce.
- Co-CEOs Ted Sarandos and Greg Peters announced the layoffs in an email.
- The cuts focus on product, technology, legal, and human-resources staff.
- The layoffs come six days before Netflix reports Q3 earnings on Oct. 20, 2026.
- Q3 revenue guidance missed analysts, sending shares down 1.4% to $69.45.
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