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Netflix to shed 1,000 jobs in steepest cuts since 2022
Netflix has said it will cut 1,000 jobs globally as the streaming giant faces competition from rivals.
Last month, Netflix's co-chief executive, Ted Sarandos, told the Bloomberg Screentime summit that the company was "not growing as fast as I want us to".
The last major round of redundancies at Netflix was in 2022, when it cut about 450 jobs after losing subscribers for the first time in more than a decade.
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