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Netflix is reportedly preparing to lay off around 5% of its workforce as early as next week. Puck News reports that Netflix is planning a restructuring, which would impact around 850 jobs across the company, out of the approximately 16,000 employees. Netflix has not commented on the report, either to confirm the restructuring or to […] The post Netflix is Reportedly Planning to Lay Off 5% Of Its Employees appeared first on Cord Cutters News.

The company's share price has fallen more than 40 percent since December, when co-CEOs Ted Sarandos and Greg Peters were touring the iconic Warner Bros Studio lot.