Netflix cuts 2% of its US workforce through layoffs

23.05.2022

The entertainment giant announced on Tuesday that the redundancies will affect its US office in California. They account for about 2% of its North American workforce.

The changes are primarily driven by business needs rather than individual performance, which makes them particularly tough, as none of us want to say goodbye to such great colleagues, the company said in a statement.

It wasn't known which parts of the business would be affected by job losses, but the Los Angeles Times reported that recruiting, communications and the content department were all affected.

I was also affected by the netflix layoffs today. It was a wild ride and I'm really proud of the work that I did, especially being part of the netflixgolden launch, and feel lucky to work with such great people - Madelyn Chung May 17, 2022, The BBC is not responsible for the content of external sites. Along with job losses, the company is also cutting content and pulling back its own creations. In order to cut costs, the company cancelled the development of Pearl, an animated series created by Meghan Markle.

Netflix is not alone in making job cuts. In recent weeks, a slew of US tech companies from start-ups to big names such as Uber and Twitter have said they are slowing or freezing hiring, or, like online car sales company Carvana, have announced redundancies, citing a downturn.