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Netflix Says “Revenues Have Fallen” And Fires 150 Employees At Once

The World’s Most Popular Online Series and Movie Platform Netflixhasn’t been going through such a good period lately. So much so that in a news we just shared with you, as the company lost subscribers for the first time in 10 years, we talked about† This situation was directly reflected in the company’s stock. In addition, the company was in a financial stalemate, and so many of its projects Cancel had to. The latest developments, on Netflix the water doesn’t stop it reveals.

According to the latest information from the Netflix front, with 150 employees roads are separated. Netflix’s statements state that a significant portion of the laid-off workers are employees in the US. In the statements of Netflix spokesperson Erika Masonhall, reasons for dismissal was also mentioned. Let’s take a closer look at those statements.

Employees fired due to financial problems

Netflix

Erika Masonhall said the layoffs are not about the employees themselves, which means more business. make it difficult expressed. According to a Netflix spokesperson, the main reason for the layoffs was that of the company financial issues† †We are grateful to Netflix for their contribution.When saying goodbye to his former employees, Masonhall said nothing about the company’s future plans.

The economic crisis at Netflix is ​​so deep

Netflix stock

*Netflix stock daily price chart. Source: Tradingview

Netflix Shares on First Trading Day of 2022 over $600 traded. But today it is very different. So much so that Netflix stocks at the time of writing this article. From $190 Levels is traded. Of course, world conditions are leading investors to safe havens, but the loss of value at Netflix cannot be ignored. We’ll see together how the end of the business will be…

Source: Web Tekno

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