Netflix confirmed it is laying off about 6% of staff, close to 1,000 people, mostly in product, tech, legal and HR, while saying it will keep investing "aggressively in high impact areas" and remains on track for its full-year forecast. It had 16,000 full-time employees at the end of last year. The Wall Street Journal first reported the cuts from a memo by co-CEOs Ted Sarandos and Greg Peters. The layoffs follow Netflix losing the bidding war for Warner Bros. Discovery's studio and streaming businesses to Paramount Skydance earlier this year.