Netflix Readies 5% Workforce Cut

Note: This section contains information in English only.

Tue, 13 Oct 2026 21:30:07 GMT

Source: Dukascopy Bank SA

Netflix plans to lay off about 5% of its workforce amid rising competition from YouTube and a 42% share price drop over the past year.

Back to articles

Actual Topics

14 Oct 2026

Citi Beats Q3 Profit Estimates

Citi reported Q3 net income of $5.25B ($2.85/share), beating estimates on strong investment banking, services, and wealth revenue despite lower card profits.

13 Oct 2026

HSBC Exits Australian Retail Banking

HSBC will shut all 19 Australian branches and exit retail banking over 18 months, selling its $36bn loan portfolio to Blackstone.

13 Oct 2026

Dutch Bank Moves Gold to London

The Dutch central bank relocated 86 tonnes of gold from the US and Canada to London, citing geopolitical unrest and faster deployment in a crisis.

Netflix Readies 5% Workforce Cut

Telefón

Actual Topics

Citi Beats Q3 Profit Estimates

HSBC Exits Australian Retail Banking

Dutch Bank Moves Gold to London