Netflix laid off 300 more people when subscriptions dropped, laid off 150 employees in May

The company is incurring loss in terms of revenue and subscribers.

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The streaming giant said it was cutting 300 more jobs. It accounts for about 4 percent of its workforce. The company had fired 150 people last month i.e. in May.

Popular OTT Platforms netflix ,Netflix) is passing through its difficult times. The company’s concern has increased due to the ever-decreasing subscription. In such a situation, the company has announced layoffs. Netflix has announced another round of job cuts. It is battling with slow growth and increasing competition. The streaming giant said it was cutting 300 more jobs. It accounts for about 4 percent of its workforce. Most of the layoffs will happen in the US. Let us tell you that in the last month i.e. in May, the company had fired 150 people.

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