Netflix CEO Reed Hastings in Madrid, Spain. The streaming service expects to lose two million more subscribers this quarter, as Netflix faces a more competitive streaming environment. — Getty Images/TNS
LOS ANGELES: Netflix on June 23 laid off 300 employees in the latest round of cuts as the company responds to a revenue slowdown and its first subscriber loss in more than a decade.
The Los Gatos, California-based streaming giant did not say what departments were affected by the cuts.
Already a subscriber? Log in.
Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
