Beleaguered Netflix reportedly slashing its workforce yet again
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What you need to know Netflix is reportedly ready to lay off more people. 150 people were let go in May. It`s thought an additional 150 could be laid off this week. Netflix could be laying off another 150 people, according to a new report. Streaming outfit Netflix is reportedly getting ready to lay more people off just weeks after the last round of firings. May saw the beleaguered Netflix la off around 150 people amid ongoing concern relating to a recent loss of almost a quarter of a million subscribers. The company`s share price has also taken a nosedive — it was worth around $600 per share at the turn of the year, while a single share of NFLX will now set you back just $175. Now, Variety reports that sources believe more layoffs are coming, although it isn`t clear which division(s) they will be in. Impacted staff are expected to be told at the end of the week. It`s unclear what departments are going to be hit, but sources suggest that the cuts could be similar in size ...