Last month, Netflix laid off 150 workers, including staff working at Tudum, which was part of the company's marketing division, after it announced it had lost 200,000 subscribers
Outside Netflix’s headquarters in Los Angeles, Oct. 20, 2021. Netflix laid off 300 people on Thursday, June 23, 2022, the second consecutive month that the streaming giant has cut staff as it confronts declining subscriber growth and a falling share price. (Mark Abramson/The New York Times)
Netflix laid off 300 people Thursday, the second consecutive month that the streaming giant has cut staff as it confronts declining subscriber growth and a falling share price.
“Today we sadly let go of around 300 employees,” the company 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.”
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