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Netflix (NFLX.O) will cut roughly 6% of its global workforce, about 1,000 roles, its largest layoff since 2022 as growth slows and user engagement declines. Co-CEOs Greg Peters and Ted Sarandos said reductions will mainly hit product, engineering, le

2026-10-14

Netflix (NFLX.O) will cut roughly 6% of its global workforce, about 1,000 roles, its largest layoff since 2022 as growth slows and user engagement declines. Co-CEOs Greg Peters and Ted Sarandos said reductions will mainly hit product, engineering, legal and HR teams. Antenna data show U.S. churn just above 2%, well below peers. Netflix shares are down over 40% in the past 12 months. Other tech and media firms, including Disney and Amazon, have also carried out substantial job cuts recently.

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2026-10-14

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2026-10-14

Bank of America CEO Moynihan: We are not concerned about our relationship with the Trump administration.

Bank of America CEO Moynihan: We are not concerned about our relationship with the Trump administration.
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