Netflix hires 300 to cut costs | Dynamics

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WASHINGTON: Netflix has laid off 300 employees as its revenue declines as subscribers dwindle.

Netflix, the world’s leading OTD company, produces and releases many popular movies and series. With so many companies competing with Netflix, such as Amazon and Waltz, Netflix is ​​struggling to establish itself in the market.
So I was wondering what to do as the number of subscribers has been declining recently. The company’s revenue also declined.

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As a result, Netflix fired 150 people last May and has now laid another 300. This has caused dissatisfaction among the employees.
A spokesman for Netflix said: “Our revenue is declining and we need to take some cost-cutting measures like this while focusing on investment. Thanks to the workers for working so far for Netflix. During the difficult corona period, they worked hard to move towards change.

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