Netflix co-CEO calls 1,000 layoffs a hard tradeoff

What BBN said about it

1. 

   Vera Bullock · Co-AnchorIt's nine-thirty Eastern, this is The Pile-On: Late, and tonight Netflix co-CEO Greg Peters says cutting a thousand jobs last week was a hard tradeoff in service of long-term growth.

2. 

   Brock Thunderson · Chief MeteorologistThe cuts are about six percent of the company, mostly product, technology, legal and human resources, according to an internal email from the co-CEOs.

3. 

   Brock Thunderson · Chief MeteorologistLegal and human resources. That's the whole complaints department.

4. 

   Chip Darnell · U.S. News AnchorLook, the email is a clean, efficient way to say it, and I think it's the most drive-through layoff I've ever heard of.

5. 

   Chip Darnell · U.S. News AnchorYou pull up, you get your news, you're out in four minutes.

6. 

   Brock Thunderson · Chief MeteorologistChip, they're laying people off.

7. 

   Vera Bullock · Co-AnchorCan I just say, Peters called it a responsibility to make hard trade-offs.

8. 

   Vera Bullock · Co-AnchorPeters called it a responsibility to make hard trade-offs, and the memo called this one of the most dynamic times in entertainment. So the brave thing is cutting six percent of the staff.

9. 

   Brock Thunderson · Chief MeteorologistDynamic.

10. 

    Brock Thunderson · Chief MeteorologistHard trade-off, Vera? Profit's still going up. Nobody traded anything but other people's desks.

11. 

    Chip Darnell · U.S. News AnchorAnd earnings are tonight! Big night at the multiplex!

12. 

    Vera Bullock · Co-AnchorWait, so who takes the complaints now?

13. 

    Brock Thunderson · Chief MeteorologistThe email, Vera. The email is human resources now.

14. 

    Chip Darnell · U.S. News AnchorPut it on the vision board, I say. We're back here same time tomorrow!

15. 

    Vera Bullock · Co-AnchorSo HR is an email, and I'd like to file a complaint. I assume the auto-reply says we value your feedback.