Netflix Inc. announced a layoff of about 300 people on Thursday, its second significant staff reduction in recent weeks.
“Today we sadly let go of around 300 employees,” a Netflix
spokesperson told MarketWatch. “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.”