In the current era, the video streaming site Netflix is considered to be the most popular platform in the world where users can watch all kinds of movies, dramas, and shows of their choice.
However, for the first time in a decade, the subscribing video streaming site Netflix lost about 150 jobs in the United States due to a lack of subscribers, leaving staff to lose their jobs.
According to Netflix, the decision to cut jobs was made because of the company’s declining revenue.
“These changes are primarily driven by business needs rather than individual performance, which makes them particularly difficult because none of us want to say goodbye to such great colleagues,” the company said in a statement.
It is unknown at this time what he will do after leaving the post.
Some employees of the company also revealed online that they have lost their jobs.
In April of this year, Netflix revealed that the company had lost about 200,000 subscribers in the first three months of 2022, and warned that another 2 million subscribers would be lost in the coming quarters. ۔
Although Netflix leads the world with 220 million subscribers, it has faced stiff competition in recent years with the advent of rival platforms such as Disney Plus, HBO, and Amazon Prime.