Netflix lays off 300 employees as bad year continues to hit company [CNN]
Netflix, Inc. (NFLX)
Last netflix, inc. earnings: 4/21 04:00 pm
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Source: CNN
New YorkCNN Netflixrough year for the streaming giant.“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,” a company spokesperson told CNN Thursday. “We are so grateful for everything they have done for Netflix and are working hard to support them through this difficult transition.”Thursday’s layoffs impact around 3% of Netflix’s workforce, which includes 11,000 full-time employees. The layoffs are also mostly taking place in the United States. Variety was thefirst to report the news.Ryan Reynolds, Gal Gadot and Dwaye 'The Rock' Johnson star in Netflix's "Red Notice"Frank Masi/NetflixTo save itself, Netflix might have to play nice with an industry it battled for yearsNetflix reported in April that it lost subscribers forthe first time in more than a decadebillions of dollars off Netflix market capLast month, Netflixlaid off 150 workers,(NFLX)Ideas includeintroducing a new lower-pri
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News
- Earnings Season: 3 Companies Enjoying Margin Expansion [Yahoo! Finance]Yahoo! Finance
- What To Stream This Weekend On Netflix, Prime Video, Hulu, Disney+ And More [Forbes]Forbes
- Netflix said it didn't want to be in sports. Now it could be streaming two NFL games on Christmas. [Business Insider]Business Insider
- Netflix's 'Cooking Up Murder' tells the story of a chef who killed his girlfriend. Here's where César Román is now. [Business Insider]Business Insider
- Promoters of Mike Tyson-Jake Paul Netflix fight offer $2 million VIP package [MSNBC.com]MSNBC.com
NFLX
Earnings
- 4/18/24 - Beat
NFLX
Sec Filings
- 5/10/24 - Form 4
- 5/9/24 - Form 144
- 5/6/24 - Form 4
- NFLX's page on the SEC website