In the latest rounds of layoffs, most of the affected employees are based in the United States, though some are also in the Asia Pacific, Latin America, Europe, Middle East and Africa offices.
“While we continue to invest significantly in the business, we made these adjustments so that our costs are growing in line with our slower revenue growth," Netflix said in a statement to SFGATE."We are so grateful for everything they have done for Netflix and are working hard to support them through this difficult transition."
The Los Gatos company reported that it lost more than 200,000 paid subscribers in the first quarter of 2022, marking the first time Netflix's customer base dropped in over a decade.
I hope these employees learned their lesson - don't go into any volatile business (esp show biz) b/c your 'stable' job could be gone just like that.
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