Netflix
About Netflix
Netflix, Inc. is an American streaming service that offers a wide variety of movies and TV shows.
CEO: Reed Hastings
Year Established:
1997
Last Year's Revenue (in billions):
$703.19
Stock Symbol: NFLX
Headquarters Location:
Los Gatos, CA
*As of 2023-11-20
Recent Layoff Information
Layoffs This Year
Layoffs Past 5 Years
Compared to Sector
Compared to Sector As a Percentage (layoffs/employees)
Are More Layoffs Expected?
It is difficult to say with certainty whether or not Netflix will have more layoffs in the next year. The company has not made any public announcements about future layoffs, and its decision will depend on a variety of factors, including its financial performance, economic conditions, and strategic priorities.
Reason for Layoffs
The primary reason for Netflix's layoffs in May 2023 was a slowdown in its subscriber growth and a subsequent decline in revenue. The company attributed the slowdown to several factors, including increased competition from other streaming services, rising inflation, and changes in consumer spending habits.
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[1]Layoff totals are the totals over the past year and not most recent round of layoffs. Totals will not be exact as it is not possible to track at that level of detail in real time. All information is gathered from SEC filings, WARN notices, news articles, social media posts, and users who post on our site. Layoffinsider uses various ai tools to help gather the data which is then reviewed by humans and cross checked for validity. If you suspect there is incorrect data then please reach out to us for prompt investigation. We want to be the number one trusted source for tracking layoffs.
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