🍿 2022-05-18 01:06:00 – Paris/France.
Netflix announced on Tuesday that it would be laying off around 150 employees. due to the surprising drop in clientele as the broadcast company reported last month.
“Our slowing revenue growth means that we also need to reduce the growth of our costs as a companyNetflix said in an emailed statement. “Unfortunately, we are laying off about 150 employees today, mostly in the United States. »
Layoffs continue un the unexpected loss of 200 subscribers in the first quarter of 2022 and a loss forecast of another 2 million. Late last month, Netflix laid off several contractors at Tudum, a website that promotes movies and TV shows for the streaming service. Streaming, as part of a broader restructuring of its marketing department.
Shares of Netflix rose 2,6% to $191,40 in New York. The stock is down more than 70% from its intraday high of 700,99 in November 2021.
Netflix, based in Los Gatos, Calif., employed more than 11 people at the end of the yearaccording to data compiled by Bloomberg. The website deadline reported the job cuts early Tuesday.
Netflix 'is not letting its guard down' and hopes to attract subscribers with new policies
La streaming company Netflix updated their cultural guidelines by adding a section titled artistic expressionwhich offers a variety of content for different audiences globally, which will allow the user to choose from a vast catalog.
Additionally, it will generate a greater diversity in stories and avoiding censorship, viewers will be able to decide what suits their eyes. It's the first update since 2017agree with Dow Jonesand arrives after their shares fell nearly 70% the first months of this year losing subscriberssomething that hadn't happened to them in a decade.
SOURCE: Reviews News
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