Netflix has laid off around 150 employees, or about 2% of its total workforce, primarily due to budget cuts and "business needs."In an internal email sent to staff viewed by IGN, Netflix Global Head of HR Sergio Ezama informed employees today about the layoffs, writing, “These changes are especially tough as they are primarily driven by business needs, not individual performance, and no one wants to lose great colleagues.”Furthermore, the email says that as Netflix continues to prioritize its biggest opportunities, like non-English content, and amid further budget constraints due to slowing revenue, employees should “sadly expect some more departures in the coming months.”A Netflix spokesperson told IGN, "As we explained on earnings, our slowing revenue growth means we are also having to slow our cost growth as a company.
Netflix Lays Off 150 Employees Amid Budget Cuts, Expects More To Come
Matt Kim, IGN
Tue, 05/17/2022 - 12:37pm
Topics: global head hr sergio ezama these us-based tudum matt t.m kim ign's news lawoftd.additional kat bailey ign's senior the_katbot netflix ign ezama editor employees expects budget cuts business email primarily revenue coming company tough sadly today layoffs due reach performance driven slowing announced colleagues individual biggest streaming lose including subscribers great growth
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