• Home
  • News
    • Games
    • Technology
  • AI
    • Application
  • Block Chain
    • Coins
    • Crypto
  • Digital Marketing
  • Business
  • Finance
  • Insurance
  • Stock Exchange
    • US Exchange
  • Contact
Facebook Twitter Instagram
Lushad Inc
  • Home
  • News
    • Games
    • Technology
  • AI
    • Application
  • Block Chain
    • Coins
    • Crypto
  • Digital Marketing
  • Business
  • Finance
  • Insurance
  • Stock Exchange
    • US Exchange
  • Contact
Facebook Twitter Instagram
Lushad Inc
Home»AI»Netflix lays off another 300 employees after losing subscribers
AI

Netflix lays off another 300 employees after losing subscribers

Amber HeardBy Amber HeardJune 26, 2022Updated:June 26, 2022No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Netflix lays off another 300 employees after losing subscribers
Netflix lays off another 300 employees after losing subscribers
Share
Facebook Twitter LinkedIn Pinterest Email

Streaming giant Netflix has fired more than 300 employees, or 4pc of its workforce, after the company saw a decline in the number of subscribers. 

Previously Netflix had cut 150 jobs in the month of April after losing a significant number of subscribers for the first time in a while.

The jobs cuts are in different departments, however, most of the employees belong to the US. 

Addressing the issue, a Netflix spokesperson said, “While we continue to invest significantly in the business, we made these adjustments so that our costs are growing in line with our slower revenue growth. We are so grateful for everything they have done for Netflix and are working hard to support them through this difficult transition.”

According to BBC news, the platform lost 200,000 subscribers earlier this year and expects a further decrease of two million by July.

The platform is looking at different options to increase its growth. It is currently reaching out to companies to explore the ad services to earn revenue. At a conference in Cannes, co-chief executive of Netflix, Ted Sarandos said, “We’re not adding ads to Netflix as you know it today. We’re adding an ad tier for folks who say ‘Hey, I want a lower price and I’ll watch ads’.”

Netflix is also cracking down its password sharing so that multiple users can directly subscribe instead of sharing one account.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Amber Heard

Related Posts

How to Install Dragon Professional Individual 15 on Four Windows Computers

January 27, 2023

Customers Improve Productivity and Reduce Risk with New Oracle Primavera Cloud Capabilities

January 25, 2023

The Tech That’s Driving The Future of Car Design

January 21, 2023

Leave A Reply Cancel Reply

Facebook Twitter Instagram Pinterest
  • Home
  • News
    • Games
    • Technology
  • AI
    • Application
  • Block Chain
    • Coins
    • Crypto
  • Digital Marketing
  • Business
  • Finance
  • Insurance
  • Stock Exchange
    • US Exchange
  • Contact
© 2023 ThemeSphere. Designed by ThemeSphere.

Type above and press Enter to search. Press Esc to cancel.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT