Netflix has indicated for more rounds of layoffs would be coming this year following that first group, as the platform tried to adjust for its heavily weakened stock price.
Netflix Employee Fired: Netflix, the streaming giant confirmed that it had laid off another 300 employees, or about 3 percent of its workforce due to slow revenue growth. "While we continue to invest significantly in the business, we made these adjustments so that our costs are growing in line with our slower revenue growth. We are so grateful for everything they have done
Streaming giant Netflix recently revealed that it laid off 300 employees, i.e. about 4% of its workforce, in the second round of job cuts aimed at lowering costs after they lost subscribers for the first time in more than a decade.