Netflix lays off 150 employees, most of them in the US – News

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The Hollywood Reporter: 70 roles eliminated in the animation department


Entertainment news site Deadline reported on Tuesday that Netflix Laying off about 150 employees, most of them from the United States. entertainment news source The Hollywood Reporter He added that layoffs affect about 2% of the company’s workforce, and that Netflix It’s also changing the animation department with 70 roles canceled.

Netflix He explained to “Deadline” that the layoffs are due to “slowing revenue growth,” and are primarily driven by business rather than performance-driven layoffs. Deadline’s report states that a large portion of the layoffs come from the company’s creative divisions in both film and television, with some executive- and director-level cuts included in the original content.

Netflix It revealed in April that it lost about 200,000 subscribers in the January-March period — well below the company’s previous forecast of a gain of 2.5 million subscribers, and the first drop in subscriptions to the service in a decade. Later that month, Deadline reported an earlier round of layoffs in NetflixMarketing, particularly its fan awareness site Tudum.

Netflix CEO Reed Hastings also stated in April that the company is considering adding a new ad-supported subscription category: “Those who have followed Netflix I know I was against the complexity of ads and absolutely love the simplicity of signing up. But as much as I like that, I’m a huge fan of consumer choice. And allowing consumers who want a lower price and tolerate advertising to get what they want makes a lot of sense. New York times Last week newspaper reported that Netflix It may enter this new subscription tier between October to December later this year.

The streaming service only recently implemented a price increase on subscription plans in the US and Canada earlier this year.

sources: Limit (Nelli Andreeva), The Hollywood Reporter (J. Clara Chen)


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