Article

2022-06-24 Economy

Netflix Massacre: 300 Employees Axed in Largest Layoff Since Subscriber Downturn

[BREITBART] The bloodletting at Netflix continued on Thursday as the far-left-wing streamer axed an additional 300 employees worldwide, or about 3 percent of its workforce — the company’s largest layoff since its subscriber downturn in the first quarter.
Start with the Obamas. They haven't done shit
Netflix handed out pink slips to 216 staffers in the U.S. and Canada, with the remainder of the cuts coming from other regions throughout the world. according to an official statement sent to multiple news outlets.

In May, the streamer laid off 150 employees, or 2 percent of its workforce, as part of its ongoing efforts to cut spending amid a catastrophic subscriber forecast for the months ahead. Netflix said it could lose up to 2 million subscribers in the coming months after unexpectedly losing 200,000 customers in the first quarter of the year.

Posted by Fred 2022-06-24 00:00|| || Front Page|| [11133 views ] Top

#1 This is only a small beginning. This will ripple throughout America. Occurring now massively but not reported except for something like this corporation. Disney another. People are unable or unwilling to spend. Inventories build, projected volumes not met each day. Example one major retailer projected to do $8000 Thursday was at $3000 at 4PM. Solution; cut hours, cut back stock. Next cut workers. Always those in high paying positions now actively targeted. Yes, even in research lab sciences. If not cut, cross trained. Answer phones as secretaries are gone, HA, take out the trash. Degrees and OH, vacations deleted. Look for another company; no way, they are having the same problems.

Posted by Dale 2022-06-24 07:19|| 2022-06-24 07:19|| Front Page Top

#2 Is your job Safe if it can be done remotely from a call center in Mumbai? Creating tangible things locally is the only really secure job -- until the Green Warriors 'outsource' the pollution to the Third World...

Posted by magpie 2022-06-24 09:13|| 2022-06-24 09:13|| Front Page Top

#3 And definitely a possible unintended (?) consequence of the "work from home" methods during covid. I think a lot of people are going to realize that if they can work from home, then someone from thousands of miles/kilometers away can do the same teleworking job for much cheaper.

Posted by DooDahMan 2022-06-24 09:17|| 2022-06-24 09:17|| Front Page Top

#4

Since most of what is on NF is also on Internet streaming channels'for free, why spend the $$$$?

Posted by NN2N1 2022-06-24 10:26|| 2022-06-24 10:26|| Front Page Top

#5 And Big Mike and the Magic Kenyan just fled to the Bezos system. How coincidental, that they bailed just as the money dried up.

Posted by NoMoreBS 2022-06-24 12:57|| 2022-06-24 12:57|| Front Page Top

#6 1) I won't put money in NetFlix pockets because of where it goes next.

2) Yes, There is no way they can prevent it from being pirated. That ignore the laws your don't like ain't so funny when it's your wallet that was taken, is it, Hastings?

Posted by M. Murcek 2022-06-24 13:00|| 2022-06-24 13:00|| Front Page Top

#7 I like their Spanish language and Korean language films and TV shows.

Posted by badanov 2022-06-24 14:18|| 2022-06-24 14:18|| Front Page Top

#8 Start with the Obamas. They haven't done shit

...In fairness, they were never supposed to, other than turn out a 'special' or two, then turn over the bulk of it to the DNC. The difficulty was that Netflix couldn't just hand over that much money in a lump sum, so they had to stretch it out...and it ain't there anymore.

Mike

Posted by MikeKozlowski 2022-06-24 15:14|| 2022-06-24 15:14|| Front Page Top

#9 Train to Busan is my favorite zombie movie. Thought Voltron: Legendary Defender was pretty tight.

There is a lot of garbage, or worse, political payoffs and pederasty.

Posted by swksvolFF 2022-06-24 15:37|| 2022-06-24 15:37|| Front Page Top

21:10 newc
20:17 SteveS
18:44 magpie
18:33 Frank G
18:33 badanov
18:26 Hellfish
18:23 Hellfish
17:40 swksvolFF
17:34 Ebbuger Whuque4103
17:30 Ebbuger Whuque4103
17:02 Melancholic
16:27 Gravilet Snanter4154
16:20 Chaise Speaking for Boskone7897
16:02 Skidmark
16:01 Skidmark
15:46 Skidmark
15:41 Skidmark
15:37 swksvolFF
15:36 Skidmark
15:34 Skidmark
15:27 Skidmark
14:48 NoMoreBS
14:31 NoMoreBS
14:16 NoMoreBS