Another 300 layoffs at Netflix

Netflix has again laid off 300 people, 3 percent of its workforce due to slowing growth and the economic downturn. This is the company’s second layoff in two months, as the company also had to let 150 employees go in May.

“While we continue to invest significantly in the business, we have made these adjustments to align our costs with growth,” the company said. know.

Most of the layoffs involve workers from the US, but there have also been layoffs in the Asia-Pacific, Latin America and Europe, Middle East and Africa (EMEA) region.

Netflix lost more than 200,000 subscribers in the first quarter and expects 2 million departing subscribers in the second quarter.

Netflix, meanwhile, seems to be seriously considering developing a new advertising-based revenue model. Google and NBCUniversal are in talks to become the technology provider.

Source: Nieuws – Emerce by

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