New Netflix Layoffs Signal More Pain at Streaming Giant

Another 300 employees have been let go as the company struggles to curb costs while revenue growth slows. Read More...


Netflix lays off 300 more people — almost 3% of its staff

Video streaming company Netflix said it has laid off 300 people — which represents 3% of its workforce — because of slowing growth and the economic downturn. “Today, we sadly let go of around 300 employees,” Netflix said in a statement Thursday. Netflix joins a long list of companies like Coinbase, Better.com and MasterClass that have let go of a significant chunk of their staff.

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