Netflix fires 300 people in round of layoffs

Announcing that it lost subscribers for the first time this year, Netflixcontinues to lay off hundreds of employees. According to the new report from the company, a second round of layoffs has been carried out since the loss of subscribers and 300 people were fired from Netflix.

Netflix bills its subscriber loss to 300 employees

The second phase of the round of layoffs has begun on the world’s largest streaming platform. Netflix, which previously parted ways with hundreds of employees, stated that 300 employees were fired within the scope of the latest report. Employees dismissed from various departments, 4% of the company said to have created.

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With the round of layoffs launched last month 450 employees in total roads parted. Netflix, which did not neglect to thank its employees in the letter it sent, stated that it would be right to make a new dismissal after the loss of subscribers.

Netflix in the first quarter of 2022 Losing more than 200,000 subscribers He said he expects this figure to reach 2 million within the year. The company believes these losses are due to the growth of other platforms such as Amazon Prime, Disney+ and HBO Max.

The broadcasting giant used the following statements in the statement it sent to its employees from the last round of dismissals:

As Netflix continues to invest significantly in the business, we made these cuts to drive up our costs in line with our slower revenue growth. We’re so grateful for everything they’ve done for Netflix and we’re working hard to support them through this difficult transition.

Wanting to prevent the loss of subscribers, Netflix started testing the advertising option on the platform for the first time. Netflix CEO Ted Sarandos and his management low-cost subscription with ads believes it will help resolve this crisis.

What do you think about this subject? Do you think it is right to cut the consequences of loss of subscribers to employees? Don’t forget to share your views with us in the comments!

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