Netflix lays off 300 more employees as revenue growth slows [MSNBC.com]
Netflix, Inc. (NFLX)
Last netflix, inc. earnings: 4/21 04:00 pm
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Source: MSNBC.com
In this articleNetflix's revelation that it lost 200,000 subscribers in the first quarter put further pressure on an already beleaguered tech sector, but top tech analyst Mark Mahaney believes the current weakness in the sector presents several opportunities for investors.Aaronp/bauer-griffin | Gc Images | Getty ImagesThe cuts, which represent about 3% of total employees, come about a month after the streamingcompany eliminated about 150 positions"Today we sadly let go of around 300 employees," Netflix said in a statement Thursday. "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. We are so grateful for everything they have done for Netflix and are working hard to support them through this difficult transition."VIDEO2:5802:58Netflix could start to enter value-stock territory, says Defiance ETFs CEO Sylvia JablonskiSquawk BoxSpencer Neumann, the company's chief financial officer, s
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- 4/22/24 - Form 10-Q
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- NFLX's page on the SEC website