Netflix
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Netflix files to lay off 227 at its Los Gatos headquarters as eBay cuts 229 in San Jose
State layoff notices put the first hard Bay Area numbers on two companywide cuts of roughly 1,000 jobs each, at companies that say their businesses are growing.
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Netflix trims its forecast as ad sales lag, and its shares fall
The Los Gatos streaming company beat profit estimates for the third quarter but lowered its outlook for advertising revenue and cash flow, a week after announcing about 1,000 job cuts.
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Bay Area giants face a high-stakes earnings week after a tech sell-off
Netflix reports on Tuesday, days after announcing about 1,000 job cuts, and Meta, Tesla and Lam Research follow on Wednesday, as investors weigh what the artificial intelligence build-out is costing and returning.