What is the sentiment of this news? Please choose an answer from {strong negative/moderately negative/mildly negative/neutral/mildly positive/moderately positive/strong positive}.
Text: Netflix announces layoffs as other tech companies move to cut staff and freeze hiring. With CNBC's Melissa Lee and the Fast Money traders, Karen Finerman, Guy Adami, Tim Seymour and Steve Grasso.
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mildly negative
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