Netflix begins issuing pink slips to employees amid business slowdown
Around 150 employees at Netflix are being laid off as the company seeks to turn around its bad economic fortunes.
Netflix ($NFLX) is an international, subscription-based television and movie service based in Los Gatos, California. The company operates a global streaming service with thousands of TV shows and movies, including some originals, as well as a direct-to-home DVD rental service. As of January 2023, the company had over 231 million subscribers worldwide.
Around 150 employees at Netflix are being laid off as the company seeks to turn around its bad economic fortunes.
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