Netflix to lay off 1,000 staff amid intensifying competition for user attention

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Netflix had 16,000 full-time employees as of the end of last year, according to its annual filing with regulators. Netflix ostensibly saw great potential in Warner Bros’ assets, which include its studios, HBO, streaming platforms, games, and TV networks such as CNN and HGTV. In 2025, Netflix reported revenue of $45. 2 billion, and said ad revenue had risen to over $1. 5 billion.

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