Netflix (NFLX) Stock: Rises as 5% Workforce Cuts Loom

TLDR Netflix (NFLX) stock gains 0.54% to $71.96 as reports of workforce cuts emerge. Netflix reportedly plans to cut 5% of its global workforce as early as next week. The proposed layoffs could mark Netflix’s largest workforce reduction since 2022. Growing competition from YouTube pushes Netflix to review its operating costs. Netflix’s October 20 earnings [...]

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