I just learned that Netflix has cut around 1,000 jobs, marking their largest layoffs since 2022. It's surprising to see such drastic measures taken when the company's revenue has skyrocketed from $20 billion in 2020 to a projected $50 billion by 2026, along with profits jumping from $2.7 billion to nearly $14 billion. It makes me question the direction the company is heading. I had considered applying for a role there, but now I'm not so sure. The comments from others reflect a lot of frustration, suggesting that if a company is doing well financially, they shouldn’t be laying off employees. It’s disheartening to see a major player like Netflix making these decisions.
Company: Netflix
Job title: N/A
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