status Netflix it doesn’t look good at all: the streaming giant aims to “cut costs” laid off more than 300 employees this Thursday (23), according to Variation. The layoffs came shortly after the company laid off about 150 employees in May.
According to information available on the website, the number of layoffs reached 316, with 216 reported only in the United States and Canada. Europe and Africa have 53 cuts, while Asia and Latin America have 30 and 17 cuts, respectively.
In a note sent Hollywood ReporterNetflix co-CEOs Ted Sarandos and Reed Hasting say the last two waves of layoffs have been tough for everyone. Commanders also plan to return the company to its natural course soon, in addition to continuing to invest. increase the employee base within the next 18 months.
“As we continue to invest in the business, we’ve made these adjustments so our costs continue to drive the slow growth in revenue. We’re so grateful for everything they’ve done for Netflix and are working hard to support it,” a company spokesperson commented.
Netflix in April to request 200k subscribers In the first quarter of 2022 alone, it caused a sharp drop in inventories of almost 40%. In addition to the pandemic COVID-19The company also blames the rise of competing servicesDisney+, HBO Max, Paramount+, Peacock etc.
The cancellation of numerous TV series that fans love, the poor quality of the program, the increase in subscription prices and the attempt to prevent the sharing of passwords are other factors that discourage the public from subscribing. streaming.
Source: Tec Mundo
