NETFLIX CUTS ~1,000 JOBS

[{"selector":"#anim-5151450f-a108-4acb-9f80-d63fbcf3792e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":7000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-cc847efd-6746-48e7-a1c8-09b8ca8a1154","keyframes":{"transform":["translate3d(-107.27272%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":200,"duration":500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3987469e-d4b5-4014-a9a1-2d6c812261db","keyframes":{"opacity":[0,1]},"delay":200,"duration":500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-240f2d30-33f3-4a16-a0a9-6e9473aaee01","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":200,"duration":500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-b4b81b49-f79e-472d-aebc-1a35bb69e61e","keyframes":{"opacity":[0,1]},"delay":350,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-71b600e9-b2de-4515-a34b-d1b165aef6b9","keyframes":{"transform":["translate3d(0px, 237.26049%, 0)","translate3d(0px, 0px, 0)"]},"delay":350,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4a46a473-c438-4e26-ac2a-b42cb708ded7","keyframes":{"opacity":[0,1]},"delay":700,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] TECH · STREAMING TECH · STREAMING What the layoffs mean for subscribers File photo: Coolcaesar / Wikimedia Commons, CC BY-SA 3.0

About 6% of staff

[{"selector":"#anim-c41901f9-5baf-4357-aef8-7ee2537c674d","keyframes":{"opacity":[0,1]},"delay":0,"duration":500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-59aa8720-e2f6-45a0-a95e-51544976d992","keyframes":{"transform":["translate3d(-107.05882%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":150,"duration":500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ae6ac76b-446e-44f3-aa86-99e132445ecc","keyframes":{"opacity":[0,1]},"delay":150,"duration":500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b9a7e327-0b89-4ce7-ba3a-ddde093d6586","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":150,"duration":500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-2b11286f-6825-4c49-b2fc-bfaab4f3ff8f","keyframes":{"opacity":[0,1]},"delay":300,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2780bc61-d530-41a5-aa82-18cff211cce3","keyframes":{"transform":["translate3d(0px, 392.53466%, 0)","translate3d(0px, 0px, 0)"]},"delay":300,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8e81c0ac-7908-468f-9d82-290dbd10f91b","keyframes":{"opacity":[0,1]},"delay":650,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] THE CUTS THE CUTS Roughly 1,000 jobs worldwide, per a memo from the co-CEOs. File photo: Coolcaesar / Wikimedia Commons, CC BY-SA 4.0

Product, tech, legal, HR

[{"selector":"#anim-cb2efd4a-a01b-4454-8b3e-0db2a1a135f0","keyframes":{"opacity":[0,1]},"delay":0,"duration":500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dc27e364-e5ad-4d12-b56e-3a01086434b0","keyframes":{"transform":["translate3d(-107.05882%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":150,"duration":500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1da90583-4f64-4d33-bce3-b4b2dda936b5","keyframes":{"opacity":[0,1]},"delay":150,"duration":500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-55b63d3a-4776-4cbd-9b35-ed4b5ba9ea78","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":150,"duration":500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-26a20602-4bfe-401a-a141-940902a215ad","keyframes":{"opacity":[0,1]},"delay":300,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6c8a4377-88ae-4254-b45f-97dbc2d60880","keyframes":{"transform":["translate3d(0px, 392.53466%, 0)","translate3d(0px, 0px, 0)"]},"delay":300,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-54a8e5de-d3e6-44cd-a9e0-784c2a408938","keyframes":{"opacity":[0,1]},"delay":650,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] WHO'S HIT WHO'S HIT Most cuts are in support teams, not shows. File photo: Coolcaesar / Wikimedia Commons, CC BY-SA 3.0

Slower growth

[{"selector":"#anim-87dbc703-85b8-4375-9be8-26b806e3d3cc","keyframes":{"opacity":[0,1]},"delay":0,"duration":500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e7faf487-eb92-41c3-a4cb-1c9b309a6683","keyframes":{"transform":["translate3d(-107.05882%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":150,"duration":500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1b72ba53-32c5-44b3-9e5d-eb23b9c5ebb2","keyframes":{"opacity":[0,1]},"delay":150,"duration":500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bc605a3b-57bc-448f-85ae-f6d84cc1bd83","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":150,"duration":500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-0d25ba20-46c6-4c9a-b0a7-20680aa5d3c8","keyframes":{"opacity":[0,1]},"delay":300,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-aa246477-9751-4e31-8dbe-e6dfd16f2ae6","keyframes":{"transform":["translate3d(0px, 392.53466%, 0)","translate3d(0px, 0px, 0)"]},"delay":300,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e5e5921b-beb3-4a28-b519-fa9947021b44","keyframes":{"opacity":[0,1]},"delay":650,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] WHY WHY Ted Sarandos said Netflix is "not growing as fast as I want." File photo: Coolcaesar / Wikimedia Commons, CC BY-SA 4.0

Down ~22% this year

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"Strong and growing"

[{"selector":"#anim-10ed7240-045b-43df-916b-a6eb443107b2","keyframes":{"opacity":[0,1]},"delay":0,"duration":500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b633cb60-98dc-450a-88ab-b70200a59816","keyframes":{"transform":["translate3d(-107.05882%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":150,"duration":500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1ece12dd-f9d6-486a-8a55-e04b9b70c856","keyframes":{"opacity":[0,1]},"delay":150,"duration":500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-729637c5-bb05-4935-af31-8e9ac295e579","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":150,"duration":500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-cc921e80-bbeb-4934-8ebd-48fe9cc72066","keyframes":{"opacity":[0,1]},"delay":300,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3baa4dbe-d993-457d-88d9-f9fd11695ffa","keyframes":{"transform":["translate3d(0px, 392.53466%, 0)","translate3d(0px, 0px, 0)"]},"delay":300,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a7663a17-dd29-4073-b679-f471afb2e97d","keyframes":{"opacity":[0,1]},"delay":650,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] NETFLIX SAYS NETFLIX SAYS The company says it's on track for its full-year forecast. File photo: Coolcaesar / Wikimedia Commons, CC BY-SA 4.0

No price news

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Earnings Oct. 20

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Pay less for Netflix

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What happens next

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