Current:Home > FinanceNetflix lays off several hundred more employees -AssetLink
Netflix lays off several hundred more employees
View
Date:2025-04-18 14:21:14
Netflix is laying off roughly 300 more of its employees.
The decision comes shortly after the company laid off 150 employees in May.
"Today we sadly let go of around 300 employees," a spokesperson said in a statement Thursday.
"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 and are working hard to support them through this difficult transition."
Netflix's first-quarter revenue call in April revealed slowing revenue growth. The company lost 200,000 U.S. subscribers in that quarter, marking its first decline in customers in over a decade.
Netflix attributed part of the decline in subscribers to password sharing and estimated that 100 million households used another person's account.
veryGood! (2)
Related
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- 6-year-old Texas boy hospitalized after neighbor attacked him with baseball bat, authorities say
- Russell Brand barred from making money on YouTube amid sexual assault allegations
- New features in iOS 17 that can help keep you safe: What to know
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Azerbaijan says it's halting offensive on disputed Armenian enclave
- West Point sued over using race as an admissions factor in the wake of landmark Supreme Court ruling
- College football is set for historic Week 4 with seven games matching ranked opponents
- Connie Chiume, South African 'Black Panther' actress, dies at 72
- As UN Security Council takes up Ukraine, a potentially dramatic meeting may be at hand
Ranking
- The GOP and Kansas’ Democratic governor ousted targeted lawmakers in the state’s primary
- Black high school student suspended in Texas because of dreadlocks
- Crash site of missing F-35 jet found: How did a stealth fighter go missing?
- AP PHOTOS: Traditional autumn fair brings color and joy into everyday lives of Romania’s poor
- New Orleans mayor’s former bodyguard making first court appearance after July indictment
- Man arrested for faking his death ahead of court date: Sheriff
- A federal agency wants to give safety tips to young adults. So it's dropping an album
- Why the UAW is fighting so hard for these 4 key demands in the auto strike
Recommendation
What do we know about the mysterious drones reported flying over New Jersey?
Vietnam detains energy policy think-tank chief, human rights group says
The Book Report: Washington Post critic Ron Charles (September 17)
A man accused in a child rape case was arrested weeks after he faked his own death, sheriff says
Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
The 2023 Latin Grammy Nominations Are Here: See the Complete List
California truck drivers ask Newsom to sign bill saving jobs as self-driving big rigs are tested
Kansas mom, 2 sons found dead in a camper at a motocross competition