✔️ 2022-05-17 21:20:18 – Paris/France.
(Bloomberg) – Netflix Inc. announced on Tuesday that it was laying off about 150 employees following the surprise drop in customer numbers reported by the streaming company. Streaming last month.
"The slowdown in our revenue growth means that we will also need to reduce our rising costs as a business," Netflix said in an emailed statement. “Unfortunately, we are laying off about 150 employees today, mostly in the United States. »
The layoffs follow the unexpected loss of 200 subscribers in the first quarter and an estimated loss of another 000 million during that period. Late last month, Netflix laid off a number of employees from Tudum, a website that promotes movies and TV shows for the streaming service. Streaming, as part of a broader restructuring of its marketing department.
Netflix stock is down more than 70% from its November 2021 intraday high of $700,99.
Los Gatos, Calif.-based Netflix had more than 11 employees at the end of last year, according to data compiled by Bloomberg. The Deadline website reported the job cuts early Tuesday.
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Netflix lays off 150 employees in cutback after loss of subscribers
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