Netflix layoffs: Company may cut 850 jobs; co-CEO Ted Sarandos had said: We’re not growing as fast as… https://ift.tt/yjn2lqu <div><img src="https://static.toiimg.com/thumb/msid-134846656,width-1280,height-720,resizemode-6,overlay-toi_sw,pt-32,y_pad-600/photo.jpg" style="width: 100%;" /><div>Netflix is preparing to lay off about 5% of its employees as part of a wider restructuring, according to a report by Puck News. Sources told the publication the announcement could come as early as next week, with the streamer under pressure over slowing viewer engagement and a share price that has slid through the year.</div></div>