5 reasons Netflix is struggling as it cuts about 1,000 staffers

Netflix co-CEO Ted Sarandos is looking to kickstart growth at the streaming giant. Patrick T. Fallon / AFP via Getty Images; Jakub Porzycki/NurPhoto via Getty Images Netflix shares have struggled amid slower engagement growth and intensifying competition. The paid streaming leader laid off about 1,000 on Wednesday, its biggest round of cuts in years. Here are reasons Wall Street is...