Netflix cut about 6% of its workforce, mostly in product, technology, legal and HR, and its co-CEOs framed it as discipline about where to put people and resources, TechCrunch reported. The article does not say AI was a reason.
In our view, the cut shows many layoffs reflect competition and strategy, here a lost bidding war and pressure from YouTube and TikTok. It is a useful counterweight to the headlines that attribute every reduction to automation.
Source: TechCrunch