Louise Bernard, with Alexis Patri 11:22 a.m., June 28, 2022
In turmoil since the first drop in the number of subscribers in its history, the Netflix film and series streaming platform has just made a new wave of layoffs among its employees.
It comes on top of the 150 layoffs that were decided last May to save money.
300 employees thanked.
The Netflix film and series streaming platform has just laid off 300 of its employees.
A wave of departures in addition to the 150 layoffs last May.
The streaming giant is thus trying to save money in the face of the difficulties that accumulate in a complicated moment.
But also to reassure investors who no longer bet on Netflix: the share price on the stock market rose last week to 180 dollars, against more than 600 in January.
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Cost reduction strategy
These financial difficulties are the direct consequence of the loss of subscribers to the streaming platform in the first quarter of 2022. A first in the history of Netflix, which lost 200,000 in three months.
Its stock price had suddenly fallen by 35%.
Netflix then blamed its withdrawal from Russia.
Insufficient to convince investors.
In addition to the layoffs, the platform also chose to abandon several film and series projects to cut costs.
Among the programs that paid the price, the animated series
Pearl!
, thought by Meghan Markle.