Netflix is cutting its workforce by six percent, affecting 1,000 employees, as the company adjusts its operations despite reporting $45.2 billion in 2025 revenue.
Netflix is cutting 1,000 jobs, representing 6% of its staff, as the company faces a 41% decline in share price and slowing user engagement growth.
Solana co-founder Anatoly Yakovenko criticized the trailer for Netflix's upcoming FTX series, claiming it misrepresents industry figures ahead of the show's November 19 premiere.
Netflix stock has dropped nearly 50% from its 2025 peak, with management citing slower growth and high spending on live content as key factors impacting the company's valuation.
Streaming platforms are increasingly adopting business models and interface designs that mirror traditional cable television as the market matures.
Pershing Square Capital Management has fully exited its Alphabet position and invested $934 million into Netflix as part of a major Q2 2026 portfolio reshuffle.
