Fresh Netflix Layoffs Hit as Company Struggles to Regain Footing

Published by
The Street

By Michael Tedder Latest job cuts follow disappointing financial results and subscriber losses. Netflix has moved to lay off about 150 employees as the streaming giant continues to confront a significant post-pandemic hangover. The cuts come as Netflix (NFLX) – Get Netflix, Inc. Report announced in an earnings call last month that it lost 200,000 global subscribers in the first quarter of the year, and that it will lose another 2 million global net paid additions over the three months ending in June, it’s first major drop in more than a decade. As a result, it missed the $7.93 billion in reven…

Read More