Netflix (NFLX.US) plans to lay off about 1,000 people, 6% of its total workforce, stepping up cost control efforts amid slowing growth.

Zhito Finance APP has learned that streaming giant Netflix (NFLX.US) announced on Wednesday that it plans to cut about 6% of its workforce, involving approximately 1,000 people. The layoffs will mainly affect departments such as product, technology, legal, and human resources. Although the company emphasized that its current business is still maintaining steady growth and is expected to achieve its full-year performance targets, against the backdrop of stagnant growth in user viewing hours and increasingly fierce industry competition, Netflix is further improving operational efficiency by optimizing staffing and resource allocation.