Business
Netflix fires 150 workers amid low revenue margins
Netflix, an American streaming service, says it laid off 150 staff members in the United States amid dwindling revenue margins.
The company said this in a statement on Tuesday.
Netflix said the layoff represents only two per cent of its total workforce force.
It added that the decision to sack its workers was basically due to the slow revenue growth and not based on performance.
“Our slowing revenue growth means we are also having to slow our cost growth as a company,” the statement reads.
“These changes are primarily driven by business needs rather than individual performance, which makes them especially tough as none of us wants to say goodbye to such great colleagues.”
Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.
She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others
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