Netflix Cuts 300 More Jobs Amid Slowing Growth
Netflix has laid off a further 300 employees after last month letting go of 150, mostly in the United States, amid slowing growth.
The job cuts, which the company said in May were driven by business needs and not employee performance, come as Netflix subscriptions substantially fell for the first time in a decade.
A Netflix spokesperson told The Hill the streaming company will continue to “significantly” invest in its business and that the new job cuts reflected the company’s need to balance costs with the 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 spokesperson said, referring to the laid-off workers….
US News | The Epoch Times Read More