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Netflix Is Getting Leaner Again
GuruFocus ·
GuruFocus reports: Netflix Inc. (NFLX, Financials), the streaming entertainment giant, is apparently looking to eliminate around 5% of its personnel in an effort to run more effectively in an increasingly competitive media industry. Citing persons familiar with the subject, the newspaper said an announcement may come as soon as next week. There was no comment from Netflix. The corporation employed around 16,000 full-time employees at the end of last year. So, a 5% cut would amount to around…