Netflix has laid off 300 employees. In May 2022 Netflix already laid off 150 employees. Netflix is on the mission of trying to cut costs due to the lack of revenue. Dispute firing 450 employees the company stated they are “significantly” investing back into their business.
In the first quarter of 2022, Netflix lost an estimated 200,000 subscribers globally. Dispute that the company believes they are currently in a transition. They believe they can still be a functional company even with the drop in revenue.