Netflix has laid off roughly 150 staff throughout the corporate, in line with an inside memo obtained by The Hollywood Reporter. The publication additional provides that the layoffs represent 2% of the streaming large’s complete workforce, and a lot of the cuts are taking place within the United States.
Previously, Netflix has been decreasing contractor roles in its social media and publishing channels. Alongside these most up-to-date 150 layoffs, some inside restructuring is taking place–the streaming service’s animation division slashed 70 roles, and Deadline is reporting that the indie movie division will “suffer heavy casualties.”
“As we explained on earnings, our slowing revenue growth means we are also having to slow our cost growth as a company. So sadly, we are letting around 150 employees go today, mostly US-based,” a Netflix spokesperson mentioned in a press release. “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. We’re working hard to support them through this very difficult transition.”
In April, Netflix indicated it’s now coming round to the concept of providing an ad-based mannequin to develop its subscriber base and make extra money–and can be floating the concept of entering into new kinds of livestreaming comedy occasions.
Netflix Lays Off About 150 Employees In The United States & More Latest News Update
Netflix Lays Off About 150 Employees In The United States & More Live News
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Netflix Lays Off About 150 Employees In The United States & More News Today
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