Netflix's Co-CEO Ted Sarandos Just Gave Investors Bad News Before Earnings
Netflix (NASDAQ:NFLX) reports earnings on Tuesday, and the company's Co-CEO Ted Sarandos didn't give investors reason to be bullish about the numbers. The company is laying off approximately 6% of its workforce, and Sarandos has recently said that the business simply is "not growing as fast as I want." These are not things that investors want to see heading into the streaming company 's earnings release, as they could suggest a weak quarter is on deck. And that's bad news for a stock that's already been nosediving for much of the year. Image source: Getty Images. Continue reading