Netflix laid off for the second time in two months, fired 300 employees – न्यूज़लीड India

Netflix laid off for the second time in two months, fired 300 employees


Business

oi-Bavita Jha

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Published: Friday, June 24, 2022, 16:44 [IST]

Google Oneindia News

New Delhi. In view of the slowdown, the video streaming platform Netflix has once again made a big layoff. Netflix has fired employees for the second time in two months. This is the second time in the last two months that the company has laid off employees on a large scale. This time Netflix has shown the way out of 300 employees.

  OTT Platform Netflix lays off 300 employees in second round of job cuts

Netflix gave a shock for the second time

The company has shocked the employees for the second time. The company had recently fired several employees. Last time the company had the highest number of jobs in the US office. In May, the company had reduced expenses by laying off 150 employees, and dozens of contract and part-time employees, so now for the second time in two months, the company has started work in this direction.

company with 11000 employees

Let us tell you that Netflix has 11000 employees worldwide. This year the company has done two big layoffs of employees and is going to take the news further. Actually, the number of subscribers of Netflix is ​​continuously declining. In May, the number of paid subscribers of the company had dropped by more than 2 lakhs. At the same time, the company’s shares fell by 20 percent. The effect of this decline in the company’s earnings is now visible on the employees.

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english summary

OTT Platform Netflix lays off 300 employees in second round of job cuts

Story first published: Friday, June 24, 2022, 16:44 [IST]

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