Netflix
Netflix lays off 150 US-based jobs
Washington/UNI: Netflix has laid off about 150 employees a month after it announced loss of subscribers for the first time in a decade.
According to BBC, the redundancies announced by the streaming service on Tuesday will mainly affect its US office in California.
The recent cut off accounts for about 2 percent of its North American workforce.
The entertainment giant said, "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."
In April, the company had revealed that it had lost 200,000 subscribers in the first three months this year and also warned that two million more were expected to quit in the coming quarter.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
