Netflix (NFLX.US) Reportedly Plans to Cut About 5% of Staff: Streaming Giant's Growth Under Pressure, Trims Down Ahead of Earnings

Zhito Finance APP has learned that, according to reports, Netflix (NFLX.US) plans to lay off about 5% of its employees as early as next week. A spokesperson for the streaming video service company declined to comment. According to regulatory filings, as of the end of last year, the company had 16,000 full-time employees, 68% of whom were in the United States.