Netflix announced that it has recently laid off approximately 300 more employees due to financial problems. It was stated that these employees were people from different roles, both from the USA and from other countries.
Even though Netflix, the US-based online movie and series platform, is the world leader in its field, it has not been having a good day lately and is struggling with financial problems. The giant company announced that it lost subscribers for the first time in 10 years in the past months. Having financial problems, the platform had to cancel some of its projects.
The financial difficulties experienced also affected the employees of the company. As we have shared with you, it was announced in May that 150 employees were dismissed for this reason. Now, the news has once again revealed that such a development is taking place.
300 more laid off due to financial difficulties
The platform, which has millions of subscribers around the world, made a statement yesterday. around 300 employees announced that he was laying off. The company’s spokesperson, Bao Nguyen, said the dismissal involved many different teams. In addition, most of the employees are from the USA; however in international roles It was among the explanations that layoffs were made.
Nguyen said in his statements, “Unfortunately we laid off about 300 of our employeesWhen using the expressions ” these changes from slowdown in revenue growth stated that it was due. The spokesperson declined to comment on whether Netflix would make other such moves. Co-CEOs of the company, Reed Hastings and Ted Sarandos, on the other hand, stated in an e-mail sent to employees that they are aware of the concerns and that they plan to return to a ‘more normal workflow’ in the coming days.
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Source :
https://www.theverge.com/2022/6/23/2310281/netflix-layoffs-cuts-300-jobs