Film crew on the set of Netflix feature film, "Hustle" with actor Adam Sandler on September 22, 2021 in Philadelphia, Pennsylvania. (Credits: Gilbert Carrasquillo/GC Images/Getty)
San Francisco, United States: Netflix on Tuesday said it laid off about two percent of its staff in a belt-tightening move after growth slowed at the once-booming streaming television service."These changes are primarily driven by business needs rather than individual performance, which makes them especially tough, as none of us want to say goodbye to such great colleagues," a spokesperson told AFP.
About 150 employees have been laid off, most of them in the United States, the spokesperson said, adding that Netflix also cut spending on contractors.
The moves came just weeks after Netflix reported that it lost subscribers for the first time in more than a decade.