Netflix is cutting about 1,000 jobs as sales growth slows and viewing falls, though the cuts may help cover rising content costs. Management says business is strong and on plan, but the sales and viewing declines point to greater pressure.
The cuts may help cover rising content costs. But Netflix expects slower sales growth, and the article reports less viewing as YouTube takes a larger share of U.S. TV watching. Management says the business is strong and remains on its yearly plan. Still, the sales and viewing figures point to pressure that staff cuts alone may not solve.
Disney said it would lay off around 300 employees, mostly in HR and technology. The story gives no expected savings or business change, so it does not change the company’s outlook.
Paramount completed its $110 billion purchase of Warner Bros. Discovery, creating Skydance. The story gives no expected sales, costs, or other effect for Skydance, so it does not change the company’s outlook.
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