Netflix, Facing Slowing Growth, Cuts 6% of Its Work Force

Netflix has announced it will cut 6% of its workforce, around 450 jobs, as the streaming giant faces slowing growth and a drop in share price.

The company's share price has fallen by more than 40% over the last year, partly due to stalling engagement among viewers.

The layoffs will affect both salaried and non-salaried employees across the company.