A major streaming service is reducing its global workforce by approximately 6%, marking one of the largest layoffs in the company’s history. The move comes amid industry-wide restructuring as streaming platforms face rising costs and shifting consumer habits. Employees across various departments are reportedly affected, signaling broader operational changes. Industry analysts suggest the decision reflects efforts to balance growth with financial sustainability in a competitive market.
The cuts equate to around 6% of the streaming giant's total workforce worldwide.
