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  • Netflix Hit By Layoffs; About 150 Mostly U.S.-Based Employees Affected

    05/17/2022 4:08:57 PM PDT · by marcusmaximus · 29 replies
    Deadline ^ | 5/17/2022 | Nellie Andreeva
    Layoffs are underway at Netflix today. About 150 positions out of the streamer’s workforce of 11,000 are being eliminated amid a slowdown in the company’s revenue growth. They are largely based in the U.S., with a significant portion in creative, across both film and TV, sources said. A number of those laid off are in the executive ranks, including in original content -snip- “As we explained on earnings, our slowing revenue growth means we are also having to slow our cost growth as a company. So sadly, we are letting around 150 employees go today, mostly US-based,” a Netflix spokesperson...