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 www.emerce.nl.

*The article has been translated based on the content of Nieuws – Emerce by www.emerce.nl. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!