artistree

Netflix Removed 150 Workers: But Why?

According to reports, Netflix is expected to fire off around 150 staff in the following days.

Following poor profits and slow revenue growth, the streaming service pivoted.

According to THE SOURCE, the Amazon Prime Video competitor also cancel its contractual contributors' contracts.

About 2% of Netflix's US employees have been laid off. 

"Unfortunately, we are laying off about 150 employees today, the most of whom are situated in the United States," a Netflix spokeswoman stated.

Netflix earned $7.87 billion in the first quarter, falling shy of Wall Street expectations of $7.93 billion.

According to the source, approximately 70 part-time staff at Netflix's animation studio would be forced to quit.

Due to the ongoing conflict between Russia and Ukraine, the company expects to lose another $2 million in the coming quarter.

artistree

also,

by seeing

stay updated

among celebrities

what's trending