Netflix lays off 300 workers amid subscriber losses

"Today we sadly let go of around 300 employees," a Netflix spokesman said in a statement. "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 on Thursday laid off 300 employees in the latest round of cuts as the company responds to a revenue slowdown and its first subscriber loss in more than a decade.
The Los Gatos, California-based streaming giant did not say what departments were affected by the cuts.
"Today we sadly let go of around 300 employees," a Netflix spokesman said in a statement. "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."
The company in May slashed 150 full-time positions across a variety of units shortly after reporting a loss of 200,000 subscribers in the most recent quarter. In addition, Netflix let go of dozens of contractors, some of whom worked on social media accounts to promote the company's diverse programming.
The streaming service expects to lose 2 million more subscribers this quarter, as Netflix faces a more competitive streaming environment. The rise of Disney+, HBO Max, Paramount+ and other streamers have increased pressure on Netflix to make more hit programming.
Netflix's stock has fallen 70% so far this year. The dramatic slowdown comes after Netflix subscriber numbers surged early during the Covid-19 pandemic, when people's out-of-home entertainment options were limited.
In addition to layoffs, Netflix has promised to gain more subscribers by offering a cheaper version with commercials and experimenting with ways to make more money from password sharing.


X
Sitelerimizde reklam ve pazarlama faaliyetlerinin yürütülmesi amaçları ile çerezler kullanılmaktadır.

Bu çerezler, kullanıcıların tarayıcı ve cihazlarını tanımlayarak çalışır.

İnternet sitemizin düzgün çalışması, kişiselleştirilmiş reklam deneyimi, internet sitemizi optimize edebilmemiz, ziyaret tercihlerinizi hatırlayabilmemiz için veri politikasındaki amaçlarla sınırlı ve mevzuata uygun şekilde çerez konumlandırmaktayız.

Bu çerezlere izin vermeniz halinde sizlere özel kişiselleştirilmiş reklamlar sunabilir, sayfalarımızda sizlere daha iyi reklam deneyimi yaşatabiliriz. Bunu yaparken amacımızın size daha iyi reklam bir deneyimi sunmak olduğunu ve sizlere en iyi içerikleri sunabilmek adına elimizden gelen çabayı gösterdiğimizi ve bu noktada, reklamların maliyetlerimizi karşılamak noktasında tek gelir kalemimiz olduğunu sizlere hatırlatmak isteriz.