Netflix lays off 150 employees amid decline in subscribers: NPR

Netflix is ​​laying off 150 employees to control costs amid slowing revenue growth revealed in the streaming giant’s first-quarter earnings call.

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Justin Sullivan/Getty Images


Netflix is ​​laying off 150 employees to control costs amid slowing revenue growth revealed in the streaming giant’s first-quarter earnings call.

Justin Sullivan/Getty Images

Streaming giant Netflix is ​​laying off an additional 150 employees starting Tuesday, the company confirmed to NPR. The workforce restructuring is the latest signal of a major shift at the company, as it signaled a drop in subscriber numbers for the first time in a decade.

This month, layoffs of employees and contractors at Netflix fan site Tudum made waves online. The company was criticized for laying off recently recruited staff and failing to internally market their work.

The employees laid off on Tuesday are “mostly based in the United States,” a Netflix spokesperson told NPR in a statement.

“These changes are primarily driven by business needs rather than individual performance, which makes them particularly challenging as none of us want to say goodbye to such great colleagues,” the spokesperson said. .

Netflix is ​​making the changes to contain costs amid slowing revenue growth revealed in its first-quarter earnings call.

These layoffs reflect a cultural shift that Netflix is ​​undergoing. Following controversial programming on its platform, the tech giant recently changed its corporate culture memo to say that employees may have to work on projects they deem harmful.

“We program for a diversity of audiences and tastes; and we let viewers decide what’s right for them, rather than Netflix censoring specific artists or voices,” the updated section reads.

Netflix, once a major entertainment industry disruptor, is struggling to maintain its dominance. Other possible changes that have recently riled the public include an alleged crackdown on password sharing.

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