Why did Netflix lay-off 300 employees, again?

The company has removed an additional 300 employees in the second round of layoffs. The layoffs hit just a few weeks after the streaming giant -- which has a global workforce of roughly 11,000 staffers -- made an initial round of reductions of similar size in May. The company indicated more rounds of layoffs would be coming this year following that first group.
#Netflix #BusinessIndustrial #ArtsEntertainment #TVVideo

1 weeks ago