'Netflix Is Sharpening the Layoff Axe; Facing pressure over weakened engagement and a depressed stock price, the streamer is prepping for a round of layoffs in the near future, per sources' - Puck

Netflix is preparing for a round of layoffs due to weakened engagement and a depressed stock price. Sources indicate that the company is facing significant pressure to address these challenges. The specific number of layoffs and the timeline have not been disclosed.