Netflix FIRES 300 workers as the company loses 70% of its value and 200,000 subscribers

Netflix FIRES another 300 workers despite streaming giant claiming it is ‘investing in the business’ as chaos continues after losing 70% of value and shedding 200,000 subscribers

  • Netflix has laid off 300 staffers as the company continues to cut costs
  • Streaming giant has lost 200,000 subscribers this year and expects to lose more
  • The stock price has plummeted in recent months, exacerbated by the ailing state of the US economy 

Netflix has cut another 300 staffers weeks after laying off off over 150 employees as the streaming giant tried to grapple with a weakened stock price.

The firm employs 11,000 staffers globally, and the cuts were made across multiple areas of the company as executives try to cut costs wherever they can.

‘While we continue to…

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Written by Bourbiza Mohamed

A technology enthusiast and a passionate writer in the field of information technology, cyber security, and blockchain

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