Netflix is ​​slowing down again. Several hundred people will lose their jobs

Netflix announced in late April that that in the first quarter of 2022, he lost 200 thousand. net subscribers – for the first time in 10 years. Analysts expected an increase of 2.5 million. Self withdrawal from Russia however, the number of subscribers dropped by 700 thousand. The company believes that the reduction in the number of subscribers is also due to the sharing of accounts. This entailed major changes and the announcement of layoffs.

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In first The company has laid off 150 people. At that time, it was 1.3 percent. from 11.3 thous. employees that the company employs. Now a second wave of job cuts has been announced. This time around 300 people will lose their jobs, reports Reuters. The company thus reduces the costs of running a business.

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Netflix changes

The decrease in the number of subscribers also caused changes for the website users. According to “The Guardian”, the company wants to implement the “more is less” strategy and focus on more quality productions. This year, Netflix plans to spend 17 billion dollars for new and licensed content on the site.

It is also in the plans new a subscription that will allow you to split accounts and passwords with people outside of one household. More expensive subscription plans with the option of profile sharing have already been tested in Chile, Costa Rica and Peru. In addition, the website is testing cheaper subscriptionsbut with ads.

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