Netflix Lays Off 300 More Employees in June Job Cuts

Netflix Lays Off 300 More Employees in June Job Cuts

Netflix’s troubles continue. The big red dog of streaming — recently beset by subscriber drops, a massive stock plunge, lawsuits, and a pattern of own goals — has announced yet another major round of layoffs: Approximately 300 employees were let go in today’s round of cuts, as reported by Variety. Less than six weeks ago, the company eliminated 150 staff roles and dozens of contractors, while in April its animation arm and marketing operation, Tudum, were also hit with layoffs. “Today we sadly let go of around 300 employees,” a Netflix spokesperson said. “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 for Netflix …
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