The US streaming pioneer Netflix continues its austerity course and lays off 300 employees.
That corresponds to around four percent of the workforce, Netflix announced on Thursday evening.
The group justified the step by having to bring the costs in line with the weakening sales growth.
Most of those affected work in the United States.
It is already the second wave of layoffs.
Netflix cut 150 jobs just last month.
"While we continue to invest significantly in our business, we've made these adjustments to allow our costs to grow in line with our slower revenue growth," a Netflix spokesperson said in an email.
"We are extremely grateful for everything they have done for Netflix and we are working hard to support them through this difficult transition."
The world's largest streaming provider is struggling with high inflation, economic slowdown and fierce competition from Disney, Apple and Amazon, among others.
In the first quarter, the number of users even dropped by 200,000 subscribers.
Netflix is now in the process of transforming its operations.
The troubles have depressed the company's share price and hurt employee morale.
In addition to the layoffs in May, Netflix also laid off some temp workers and editors at its Tudum website in April -- as part of a cut in its marketing budget.
Netflix's subscriber woes stem in part from a price hike in January.