Netflix lays off 300 employees in second round of cuts as revenue growth slows

• Streaming giant cited cost adjustment due to slower revenue growth

Netflix Inc (NASDAQ: NFLX) has laid off another 300 employees as the streaming giant is trying to bring costs under control amid slower subscriber growth, Variety reported on Thursday.

The report said the job losses are across multiple business functions in the company, with most affected workers based in the US.

Moreover, the cut is twice as large as Netflix laid off around 150 employees last month.