Netflix cuts 300 more jobs after subscriptions fall
Netflix has introduced other circular or activity cuts because it is struggling with slow growth and high competition. The streaming giant Netflix stated it changed into reducing three hundred extra jobs - kind of 4% of its workforce - commonly in US. This is another hard decision for the company as they recently fired a hundred and fifty people in May. The movements came after the business enterprise reported its first subscriber loss in April of over a decade.
The corporation is exploring an ad-supported provider and cracking down on password sharing because it attempts to grow."While we preserve to make investments drastically withinside the business, we made those changes in order that our charges are developing consistent with our slower sales growth". This announcement was made ...