Netflix has laid off about 150 staff, just a month after the entertainment giant said it was losing subscribers for the first time in a decade. The re

Netflix cuts 150 US-based jobs after losing subscribers

submited by
Style Pass
2022-05-18 06:00:07

Netflix has laid off about 150 staff, just a month after the entertainment giant said it was losing subscribers for the first time in a decade.

The redundancies, announced by the streaming service on Tuesday, will mainly affect its US office in California. They account for about 2% of its North American workforce.

"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," the company said in a statement.

It wasn't disclosed which parts of the business would see job losses, but the Los Angeles Times reported that recruiting, communications and also the content department were all affected.

unfortunately i, too, was affected by the netflix layoffs today. it was a wild ride and i'm really proud of the work that i did, particularly being part of the @netflixgolden launch, and feel v. lucky i got to work with such brilliant people

In April, the streaming giant shocked the industry when it revealed it had lost 200,000 subscribers in the first three months of 2022, and warned another two million were expected to quit in the coming quarter.

Leave a Comment