Netflix lays off 300 employees in second round of mass job cuts

netflix lays off 300 employees in second round of mass job cuts

Pressbee - The Hill :

Watch the post from Netflix lays off 300 employees in second round of mass job cuts, Now to the details :

Netflix has laid off 300 employees in a second round of layoffs after letting go 150 last month as the company tries to cut costs amid a downturn in revenue growth.
A Netflix spokesperson confirmed the layoffs to The Hill on Thursday, saying the company is continuing to “significantly” invest in its business but needed to make the move to ensure costs are growing in line with the slower revenue growth.
“We are so grateful for everything they have done for Netflix and are working hard to support them through this difficult transition,” the spokesperson said of the laid off employees in a statement.
In April, Netflix reported its first loss in subscribers since October 2011, cau

For more, read the news from the source

Netflix lays off 300 employees in second round of mass job cuts

This was the summery for Netflix lays off 300 employees in second round of mass job cuts We hope that we have succeeded by sharing the full details of this topic.

The Hill Netflix lays off 300 employees in second round of mass job cuts Netflix has laid off 300 employees in a second round of layoffs after letting go 150 last month as the company tries to cut costs amid a downturn in revenue growth. A Netflix spokesperson confirmed the layoffs to The Hill on Thursday, saying the company is continuing to “significantly” invest in its business but needed to make the move to ensure costs are growing in line with the slower revenue growth. “We are so grateful for everything they have done for Netflix and are working hard to support them through this difficult transition,” the spokesperson said of the laid off employees in a statement. In April, Netflix reported its first loss in subscribers since October 2011, cau

Please note that the original topic has been published and is available on The Hill the editing team at PressBee have verified it and it may have been partially modified or quoted from it. You can read and follow this news or topic from its main source.

( PRESSBEE ) An independent news reader does not assume any liability for the material published in it because it does not express the opinion of the site.