Netflix announces it is cutting 150 jobs
- including top original content executives
- amid a slowdown in revenue and loss
of 200,000 subscribers
Posted By: Ribicon, 5/17/2022 5:33:04 PM
Netflix is cutting about 150 jobs after announcing that it's lost 200,000 subscribers since the end of last year. Most of the employees being laid off are based in the US and work in creative positions across film and TV. The California-based streaming service is even eliminating some executive positions in its original content departments, sources told Deadline. A few director-level executives may also be on their way out. The news comes a month after the company reported that its global subscriber base declined in the first quarter of 2022. It expects to lose another two million subscribers by next quarter, Fortune reports.
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Pelosi says Abbott could face criminal
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federal controls 30 replies
charges over infant formula, weighs new
federal controls 30 replies
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Pelosi says Abbott could face criminal
charges over infant formula, weighs new
federal controls 30 replies
charges over infant formula, weighs new
federal controls 30 replies
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Comments:
Rest assured that the executives who drove the company into the ditch won't suffer one bit.