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Netflix cuts 1,000 jobs in biggest layoffs since 2022

Published . Updated .

Netflix cuts 1,000 jobs in biggest layoffs since 2022 Middle East Online

Directly affected

  • NFLX Netflix

    Named in this report.

Indirectly affected

  • SPY SPDR S&P 500

    The broad U.S. stock market

  • TLT iShares 20+ Year Treasury Bond

    Long-term U.S. government bonds

  • QQQ Invesco QQQ

    Large technology stocks

  • GLD SPDR Gold Shares

    Gold can move with the broad market

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
NFLX———————
SPY———————
TLT———————
QQQ———————
GLD———————

Netflix cuts 1,000 jobs in biggest layoffs since 2022 Middle East Online

Source: Middle East Online

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