I don’t have Netflix, but know some people who got rid of it.
They said they watched for a while, but they got to a point where they had seen everything they wanted to see, and decided it wasn’t worth the money. Without any compelling new programming to watch, they just decided they had enough of it.
Especially since people binged while working from home and now are either back in the office or able to do other things. Lots of new streaming competition too.