Netflix laid off 300 people, or 3% of its workforce, on Thursday, as it continues to trim costs to respond to slower revenue growth. The layoffs, first reported by Variety , followed cuts of 150 people a few weeks ago. Netflix had 11,300 employees at the end of 2021, according to its securities filings. But the workforce appears to be considerably smaller now—closer to 10,000— possibly...
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Musk Puts $20 Billion Value on Twitter
Elon Musk offered Twitter employees stock grants at a valuation of roughly $20 billion, said a person familiar with an email Musk sent to staff, less than half what he paid to buy the company. It was a concrete acknowledgment of how much Twitter’s value has dropped since the deal—but it is still well above public market valuation levels for Twitter’s rivals.
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