Netflix is laying off around 150 employees: CNBC
Netflix Inc (NASDAQ: NFLX) is laying off around 150 employees across the company amid slowing revenue growth
By Shubhangi Mathur
Published - May 17, 2022, 08:23 PM ET
Last Updated - Feb 28, 2024, 07:37 AM EST
• Most of the cuts are happening in the US and represents less than 2% of the staff
Netflix Inc (NASDAQ: NFLX) is laying off around 150 employees across the company amid slowing revenue growth.
CNBC reported on Tuesday that most of the cuts are happening in the US and represents less than 2% of the streamer’s 11,000 staffers.
“As we explained on earnings, our slowing revenue growth means we are also having to slow our cost growth as a company,” a representative from the company told CNBC.
