Netflix cuts 150 US-based jobs after losing subscribers | BBC News


Netflix has made about 150 staff redundant, a month after the streaming service said it was losing subscribers for the first time in a decade. The redundancies, announced by the entertainment giant on Tuesday, will mainly affect its US office in California. They account for about 2% of its North American workforce. Netflix said the job losses were due to the slump in the company’s revenue. The streaming service is battling an exodus of viewers this year.

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