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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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