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Netflix Cuts Jobs
- Netflix is cutting roughly 1,000 jobs, about 6% of its staff.
- The cuts target product, technology, legal, and human-resources teams.
- Netflix said its business is strong, growing, and on track for its full-year forecast.
- The layoffs are the largest since 2022, when about 450 positions were eliminated.
- Netflix reported Q2 revenue of $12.6 billion, up 13% year-over-year.
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