Sources: Netflix is preparing for layoffs that will impact ~5% of employees, or ~850 jobs, amid pressure over weakened engagement and a depressed stock price (Matthew Belloni/Puck)

Matthew Belloni / Puck:
Sources: Netflix is preparing for layoffs that will impact ~5% of employees, or ~850 jobs, amid pressure over weakened engagement and a depressed stock price  —  Facing pressure over weakened engagement and a depressed stock price, the streamer is prepping for a round of layoffs in the near future, per sources.