In a memo reported by the Wall Street Journal, Netflix co-CEOs Ted Sarandos and Greg Peters wrote that delivering on the company's mission "is ambitious, and delivering on it requires us to be disciplined" about where it puts its people and resources, TechCrunch reported.
Netflix said it will keep investing aggressively in high-impact areas and remains on track for its full-year forecast. The memo, as reported, did not cite AI as a reason for the cuts.
Source: TechCrunch