Netflix Cuts 3% of its Workforce, Over 300 Employees Now Jobless

9 days ago - By Tech Times

Due to slowing growth and the economic slowdown, Netflix has laid off 300 employees, or about 3% of its workforce.
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Netflix Lays Off About 300 Employees in Latest Round of Cuts - CNET

9 days ago - By CNET

Earlier this year, the streaming giant reported its first subscriber drop in a decade.
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Netflix cuts around 300 jobs after losing subscribers

9 days ago - By The Verge

Illustration by Alex Castro / The Verge
Netflix is cutting around 300 jobs today as part of a second round of layoffs. The company previously laid off around 150 employees and dozens of contractors in May.
The layoffs impact “many different teams” and mostly workers in the US, though international roles are being cut as well, Netflix spokesperson Bao Nguyen said in a statement to The Verge. Variety first reported on the job cuts.
“Today we sadly let go of around 300 employees,” Nguyen said. “While we continue to invest significantly in the business, we made these adjustments so that our...
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Netflix lays off 300 more employees

9 days ago - By Engadget

Netflix has laid off around 300 people in its latest round of job cuts. Most of the layoffs were in the US, according to Variety , and a number of departments were affected. “Today we sadly let go of around 300 employees,” a Netflix spokesperson told the publication. “While we continue to invest significantly in the business, we made these adjustments so that our costs are growing in line with our slower revenue growth. We are so grateful for everything they have done for Netflix and are working hard to support them through this difficult transition.” Netflix laid off 150 employees , along...
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Netflix lays off 300 more people - almost 3% of its staff

9 days ago - By TechCrunch

Video streaming company Netflix said it has laid off 300 people - which represents 3% of its workforce - because of slowing growth and economic downturn. This is the firm's second layoff spree in two months, after it let go of 150 staffers in May. In April, it also laid off a bunch of staffers from its editorial arm Tudum, which launched just last December .
“Today, we sadly let go of around 300 employees,” Netflix said in a statement Thursday. “While we continue to invest significantly in the business, we made these adjustments so that our costs are growing in line with our slower revenue...
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