Netflix Fires 150 Employees: Here’s Why

The world’s most popular online series and movie platform Netflixhas not been going through a very good period lately. So much so that in a news we shared with you about a moment ago, since the company lost subscribers for the first time in 10 years, we talked about. This situation was directly reflected in the shares of the company. In addition, the company was in a financial stalemate, and therefore many of its projects to cancel had to. The latest developments, on Netflix the waters won’t stop it reveals.

According to the latest information from the Netflix front, with 150 employees roads are separated. In the statements made by Netflix, it was stated that a significant portion of the dismissed people consisted of employees in the USA. In the statements made by Netflix spokesperson Erika Masonhall, reasons for dismissal was also mentioned. Let’s take a closer look at those statements.

Employees laid off due to financial problems

Erika Masonhall said the layoffs are not about the employees themselves, which means more business. make it difficult expressed. According to a Netflix spokesperson, the main reason for the layoffs was the company’s financial problems. “We are grateful to Netflix for their contribution.Saying goodbye to his former employees, Masonhall did not say anything about the company’s future plans.

The economic crisis at Netflix is ​​so deep

*Netflix stock daily price chart. Source: Tradingview

Netflix shares on first trading day of 2022 over $600 was trading. But nowadays this is very different. So much so that Netflix shares are as of the time of writing this article. From $190 levels is being traded. Of course, the conditions in the world lead investors to safe havens, but the loss of value in Netflix is ​​not to be ignored. We will see together how the end of the company will be…