Retail News

Netflix lays off about 150 workers

The New York Times 05/18/2022

Netflix announced it is laying off about 150 people, about two percent of its workforce, as it deals with slowing revenue growth. The streaming movie service lost about 200,000 subscribers in the first quarter after pulling out of Russia over that nation’s war with Ukraine. Netflix had about 700,000 subscribers in Russia.

Source: The New York Times



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