New Netflix Layoffs Signal More Pain at Streaming Giant [TheStreet.com]
Netflix, Inc. (NFLX)
Last netflix, inc. earnings: 4/21 04:00 pm
Check Earnings Report
US:NASDAQ Investor Relations:
ir.netflix.com/investor-relations
Company Research
Source: TheStreet.com
Netflix has laid off an additional 300 employees this week, as the once dominant streaming service contends with a declining subscriber base and a decline in stock value. The loss represents about 3% of the company’s total employees. “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.” In May, Netflix, including executive-level employees at its Drama Series, Spectacle and Event TV, and Comedy Series Divisions. In an internal email sent to staff Netflix Global Head of HR Sergio Ezama confirmed the May layoffs, saying “As we explained on earnings, our slowing revenue growth means we are also having to slow our cost growth as a company. So sadly, we are letting aroun
Show less
Read more
Impact Snapshot
Event Time:
NFLX
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
NFLX alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
NFLX alerts
High impacting Netflix, Inc. news events
Weekly update
A roundup of the hottest topics
NFLX
News
- Promoters of Mike Tyson-Jake Paul Netflix fight offer $2 million VIP package as ticket, bettor interest spike [MSNBC.com]MSNBC.com
- More Money, More Streams: Netflix, Disney+, AppleTV+ And Hulu See Higher Usage Among Wealthier Americans [Yahoo! Finance]Yahoo! Finance
- Warner Bros. Discovery 'hopeful' for NBA deal as earnings miss estimates amid linear TV struggles Thu, May 9, 2024, 2:51 PM GMT+2 4 min read 9 Warner Bros. Discovery, Inc. (WBD) NasdaqGS - Nasdaq Real Time Price (USD) 7.80 +0.03 (0.39%) At close: 4:00PMAcquire Media Monitor
- How to Turn Off a VPN on iPhone [CNET News]CNET News
- Warner Bros. Discovery Hits $86M Streaming Profit, 99.6M Subs, Studios Profit Drops 70 Percent [Yahoo! Finance]Yahoo! Finance
NFLX
Earnings
- 4/18/24 - Beat
NFLX
Sec Filings
- 5/9/24 - Form 144
- 5/6/24 - Form 4
- 5/6/24 - Form 4
- NFLX's page on the SEC website