Netflix to shed 1,000 jobs in steepest cuts since 2022

What BBN said about it

1. 

   Hank Ledger · Lead AnchorHere's the one-sentence version: Netflix is cutting about one thousand jobs, its biggest layoffs since twenty twenty-two.

2. 

   Chip Darnell · U.S. News AnchorA thousand people. That's a whole season of a show nobody gets to finish.

3. 

   Hank Ledger · Lead AnchorThe BBC says the cuts equal around six percent of the company's workforce worldwide.

4. 

   Chip Darnell · U.S. News AnchorSix percent. So if you have a group chat of seventeen coworkers, one of them just got the email.

5. 

   Hank Ledger · Lead AnchorRoughly, yes. The Wall Street Journal calls it the biggest cuts since twenty twenty-two, and Reuters uses nearly the same words.

6. 

   Chip Darnell · U.S. News AnchorTwenty twenty-two. What happened then?

7. 

   Hank Ledger · Lead AnchorNetflix also made deep cuts that year, and that's the comparison every outlet is reaching for.

8. 

   Hank Ledger · Lead AnchorThe data we have doesn't say why this round happened.

9. 

   Chip Darnell · U.S. News AnchorSo we don't know the plot twist yet.

10. 

    Hank Ledger · Lead AnchorWe don't. It's not clear yet which teams are hit, or where in the world those jobs were.

11. 

    Chip Darnell · U.S. News AnchorOkay, who does this touch? Me, on my couch, with my queue?

12. 

    Hank Ledger · Lead AnchorMostly the people who lose their jobs, a thousand of them. For viewers, nothing has been announced about shows or prices.

13. 

    Chip Darnell · U.S. News AnchorNothing announced. So the show keeps playing even while the people behind it get a cancellation with no autoplay countdown.

14. 

    Hank Ledger · Lead AnchorThat's the human part of this, and it shouldn't get lost in the jokes.

15. 

    Chip Darnell · U.S. News AnchorFair. So what do the two sides say?

16. 

    Hank Ledger · Lead AnchorThe company side says a big business has to reshape itself sometimes. The worker side says a thousand families just lost a paycheck.

17. 

    Hank Ledger · Lead AnchorBoth are arguments, and neither is in our data as a quote.

18. 

    Chip Darnell · U.S. News AnchorBoth sound true to me.

19. 

    Hank Ledger · Lead AnchorThey can be. A company can be big and healthy and still cut people. That's what makes people so angry.

20. 

    Chip Darnell · U.S. News AnchorSo what do we watch next?

21. 

    Hank Ledger · Lead AnchorWhether the company says more about which departments are affected, and whether any other streamers follow with cuts of their own.

22. 

    Chip Darnell · U.S. News AnchorA thousand jobs, six percent of the company, steepest since twenty twenty-two. I get it now.

23. 

    Hank Ledger · Lead AnchorThat's the whole story, and it took us two minutes.

24. 

    Chip Darnell · U.S. News AnchorI tried running the layoff story's photo through my dating filter. Is it subtle enough?

25. 

    Hank Ledger · Lead AnchorIt's a thousand jobs, Chip. Nothing about it is subtle.