
Netflix Cuts About 1,000 Jobs as Competition for Viewers Intensifies
Netflix is cutting about 1,000 jobs, or 6% of its workforce, primarily across product, technology, legal and HR teams as competition for viewers grows.
Explore the latest media and entertainment technology news, including streaming platforms, digital media, music services and the creator economy. TechAmerica.ai covers Netflix, Disney+, YouTube, Spotify, Apple TV, Amazon Prime Video and emerging entertainment startups, alongside AI-generated content, digital publishing, social media entertainment, funding, mergers and acquisitions shaping the global media industry.
152 articles · page 2 of 13 · showing 13 to 24

Netflix is cutting about 1,000 jobs, or 6% of its workforce, primarily across product, technology, legal and HR teams as competition for viewers grows.

Aaron Sorkin’s The Social Reckoning opened to an estimated $5.5 million domestically, falling short of forecasts and the debut of 2010’s The Social Network.

Paramount and Warner Bros. Discovery complete their $111 billion merger, forming Skydance with HBO, CNN, Paramount+ and two major Hollywood film studios.

Automatic interim CFO Jeremy Klaperman resigns less than a month after his appointment, following a board overhaul and Matt Mullenweg’s return as CEO.

An interactive Elizabeth Holmes desk simulator lets visitors explore Theranos trial documents through a 2016-era MacBook, iPhone and virtual Edison machine.

Spotify is expanding audiobooks to more than 180 markets by the end of 2026, bringing over 350,000 titles across 120-plus languages to listeners worldwide.

JioHotstar is expanding into MENA through Starzplay, bringing Indian films, shows and originals to regional viewers through dedicated streaming plans.

Paramount has completed its $110 billion acquisition of Warner Bros. Discovery, creating Skydance, a media giant spanning studios, streaming, TV and news.

Audible introduces AI-powered interactive stories, real-time character guides and visual extras designed to make audiobook listening more immersive.

Amazon’s new Fire TV Stick 4K brings faster performance, USB charging support, and a redesigned remote with improved controls.

Meta and YouTube have cleared ads for Alex Gibney’s upcoming Elon Musk documentary after initially restricting the trailer as political content.

Disney raises Disney+ and Hulu subscription prices as streaming platforms continue to raise costs and explore new business models.