Published 1 year ago

Netflix lays off 300 employees in cost-cutting drive

Summary by Ground News

Netflix has laid-off an additional 300 staff, the latest move as the company tries to reduce expenditures in the face of a shrinking audience. The majority of the 300 jobs have been lost in the US, and have affected many of the company's departments. The company has been struggling to reorient itself since April, when the company revealed that it had lost 200,000 subscribers, its first net loss in a decade.

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Times of India

Netflix lays off 300 employees in cost-cutting drive

The world's dominant streaming service has come under pressure in recent months as inflation, the war in Ukraine and fierce competition weigh on subsc..

1 year ago·India

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Hindustan Times

Netflix lays off 300 employees in cost-cutting drive

The move mostly affected its US workforce and came after the company cut 150 jobs last month.

1 year ago·New Delhi, India

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Asia One

Netflix lays off 300 employees in cost-cutting drive

Netflix Inc said it laid off 300 employees, or about 4 per cent of its workforce, in the second round of job cuts aimed at lowering costs after the streaming giant lost subscribers for the first time in more than a decade. The move mostly affected its US workforce and came after the company cut 150 jobs last month. "While...

1 year ago·Singapore

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