According to a report published by Reuters, Netflix, Inc. (NASDAQ: NFLX) has laid off around 2% of its workforce, or nearly 150 people, mostly in the U.S. and Canada due to deaccelerating growth. The company said, “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.” The decision to cut jobs follows the company’s loss of subscribers for the first time in over 10 years. The video streaming giant lost 200,000 subscribers in the first quarter of 2022 and expects to lose another two million subscribers in the second quarter.
https://www.tipranks.com/news/netflixs-slowing-growth-eats-into-jobs?utm_source=advfn.com&utm_medium=referral
Netflix (NASDAQ:NFLX)
Historical Stock Chart
From May 2022 to Jun 2022 Click Here for more Netflix Charts.
Netflix (NASDAQ:NFLX)
Historical Stock Chart
From Jun 2021 to Jun 2022 Click Here for more Netflix Charts.