“These changes are primarily business-related and are not about individual achievements.

That makes it extra tough because none of us want to say goodbye to fantastic colleagues ", writes representatives of Netflix in a statement.

It was in April that Netflix shocked the industry by announcing that it lost 200,000 subscribers in the first quarter, and that it fears that another two million may terminate their accounts in the coming quarters.

The share fell over 35 percent after the announcement.

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