Netflix to cut 1,000 employees as part of major restructuring
Global streaming giant Netflix has announced plans for significant changes to its structure. The company plans to lay off approximately 1,000 employees, representing nearly 6% of its total global workforce.
This decision is part of the company's largest restructuring since 2022. Netflix management states that these measures are necessary to optimize costs and adapt the business model to the changing market environment in the entertainment sector.
Although the company operates in many countries, including Bulgaria, where the service is widely available to users, the layoffs are primarily aimed at global teams. At this time, there is no official information on whether these changes will directly affect local operations or the company's partnerships in the country.
Analysts note that the technology sector is going through a difficult period in which many large companies are revising their budgets. Netflix's goal is to maintain its competitiveness and continue investing in the creation of original content, which is a top priority for the platform.
The layoff process is expected to be completed in the coming months. Employees affected by the decision will receive support from the company as they prepare for the next steps in their professional development.