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Netflix Fires Another 300 Employees in Latest Round of Cuts

June 23, 2022, 4:52 PM

Netflix Inc. laid off another 300 employees as the streaming giant seeks to bring costs under control amid uneven subscriber growth.

The job losses are across the company, with most affected workers based in the US. The cut is twice as large as the one the streaming giant made last month. The news was first reported in Variety.

“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,” a Netflix spokesperson said in an email. “We are so grateful for everything they have done ...