EXCLUSIVE: Layoffs are underway at Netflix today. About 150 positions out of the streamer’s 11,000 workforce are being eliminated. They are largely based in the U.S., a number of them in the …
today. About 150 positions out of the streamer’s 11,000 workforce are being eliminated. They are largely based in the U.S., a number of them in the executive ranks, including in original content, I hear.
The staff reductions had been expected. Netflix’s stock has fallen sharply after the streamer reported last month that its global subscriber base declined by 200,000 from where the company ended 2021, subscriber drop in more than a decade.
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