Netflix begins second round of layoffs, 300 positions cut (EXCLUSIVE)
The layoffs hit Netflix again, and the streamer let around 300 employees roll in on Thursday, Variety only learned. The cuts affect many business functions within the company, with most jobs being lost in the United States. These new layoffs, which Variety first announced earlier this week, came just weeks after the streaming giant – which employs around 11,000 employees worldwide – made a preliminary round of reductions of a similar magnitude in May. During this time, Netflix laid off 150 employees and dozens of contractors and part-time employees. Streamer has signaled that there will be more rounds of layoffsRead News