Like the US Economic Service Bloomberg reports, Netflix cut another 300 jobs today. The company is thus continuing the measures it initiated a few months ago to reduce its own costs.
Fewer employees = lower costs
According to the report, the most recent layoffs occurred across all departments of the group and mainly affected employees in the USA. The company wants to cut superfluous jobs in order to reduce staff costs and thus have more financial leeway in connection with other topics. In recent months, employees have repeatedly been let go. In the last eight months, there have been around 450 layoffs for people directly employed by Netflix. There were also a further 150 so-called contractors, i.e. employees who worked for the streaming giant on a free basis.
Most recently, around 150 employees were made redundant last month. The company had around 11,300 employees worldwide by the end of 2021. Up until now, management had always justified the terminations with the desire to optimize internal processes and realign product plans.