Netflix, Inc. (NASDAQ:NFLX) stock traded relatively flat on Thursday amid reports of workforce changes within its global product team.
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The reported move reflects internal restructuring as the streaming company adjusts leadership responsibilities and team structures.
Benzinga has requested Netflix for their comments on the story and will update once we get a response.
Workforce Changes
Netflix recently eliminated several dozen positions within its global product team as part of an internal reorganization, Variety reports. The affected group primarily supported marketing design, promotional assets, and creative materials tied to content and product launches.
People familiar with the situation told Variety that the cuts targeted the company’s “creative studio unit”.
That team produces promotional materials such as posters, trailers inside the platform, and visuals used in live experiences.
However, …
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