Geopolitics Alpha

Netflix plans hundreds of layoffs at Bay Area headquarters

Published . Updated .

Netflix plans hundreds of layoffs at Bay Area headquarters

New California filings show Netflix reported 227 layoffs at its Los Gatos headquarters, plus 267 more jobs in Los Angeles.

Directly affected

  • NFLX Netflix-19.0%

    Named in this report.

Indirectly affected

  • SPY SPDR S&P 500+1.6%

    The broad U.S. stock market

  • TLT iShares 20+ Year Treasury Bond-1.8%

    Long-term U.S. government bonds

  • QQQ Invesco QQQ+2.3%

    Large technology stocks

  • GLD SPDR Gold Shares-3.3%

    Gold can move with the broad market

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
NFLX+5.17%+2.36%baseafter closeafter closeafter closeafter close
SPY-0.09%+0.66%baseafter closeafter closeafter closeafter close
TLT-2.07%-1.97%baseafter closeafter closeafter closeafter close
QQQ+0.75%+1.80%baseafter closeafter closeafter closeafter close
GLD+3.51%+2.33%baseafter closeafter closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Market Call

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Netflix plans hundreds of layoffs at Bay Area headquarters San Francisco Chronicle

Source: San Francisco Chronicle

Taiwan Strait

CompanyWhenMoveStatus
GLDthree days earlier+2.33%final price
GLDfive days earlier+3.51%final price
NFLXthree days earlier+2.36%final price
NFLXfive days earlier+5.17%final price
QQQthree days earlier+1.80%final price
QQQfive days earlier+0.75%final price
SPYthree days earlier+0.66%final price
SPYfive days earlier-0.09%final price
TLTthree days earlier-1.97%final price
TLTfive days earlier-2.07%final price

Taiwan Strait

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

The Taiwan Strait count beside this story

Taiwan Strait has 49 linked stories in the last 7 days and 49 in the last 30 on the page that also carries “Netflix plans hundreds of layoffs at Bay Area headquarters.” The recent pace is rising.

How solid “Netflix plans hundreds of layoffs at Bay Area headquarters” looks

12 out of 100

“Netflix plans hundreds of layoffs at Bay Area headquarters” scores 12 out of 100. The score uses 1 sources.