Netflix to cut nearly 1,000 jobs amid rising AI and operational costs

Streaming giant Netflix is reportedly cutting nearly 1,000 jobs, representing about 6% of its full-time workforce, to prioritize resources amid rising competition.

Product, tech, legal, and human resources departments are expected to bear the brunt of the cuts following increased industry spending on artificial intelligence infrastructure.

The layoffs follow Netflix's withdrawal from a bidding war for Warner Bros Discovery assets and its ongoing user-engagement battle with social media platforms.