July 3, 2022

The Queens County Citizen

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Netflix is ​​preparing for another wave of deletions

Netflix is ​​preparing for another wave of deletions

American online streaming giant prepares for new wave of layoffs, according to American Magazine Different.

Posted yesterday at 3:13 p.m.

Laila Malouf

Laila Malouf

Affected employees should be notified by the end of the week, but it is not clear which branches will be affected.

A Netflix spokesperson was interviewed Different Declined to comment on the information. Sources suggest that the scale of the cuts should be the same as last May when 150 employees and dozens of colleagues and part-timers lost their jobs. Netflix, which has 11,000 employees worldwide, said at the time that there would be more rounds of layoffs in 2022. Netflix stock has lost almost 70% of its value since the revelation. Spring lost nearly 200,000 members in the first quarter. It fell from $ 600 per share in January 2022, to about $ 175 now.

Pioneer in the field StreamingNetflix has faced stiff competition in recent years, especially with recent dismissals from Disney, Comcast and Warner Bros. Discovery.

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