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@silenceisduck · 2026-10-10 02:16

Netflix Inc. is making plans to cut about 5% of its staff as early as next week, the newsletter Puck reported. A spokesperson for the streaming-video service declined to comment. The company had 16,000 full-time employees as of the end of last year, 68% in the US, according to a regulatory filing. Netflix shares have lost about 42% of their value since the company began a pursuit of Warner Bros. Discovery Inc. last year. Investors viewed the bid for the rival entertainment giant as a sign of weakness, as Netflix has historically not made large acquisitions. Warner Bros. was acquired this week by the newly renamed Skydance Corp.

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