Streaming giant Netflix is laying off an additional 150 employees as of Tuesday, the company confirmed to NPR. The labor restructuring is the latest signal of a major shift within the company as it reported a decline in subscribers for the first time in a decade.
This month, layoffs of employees and contractors for the Netflix fan site Tudum made waves online. People criticized the company for letting go of staff who had been recently recruited and for the lack of internal marketing of their work.
The employees let go on Tuesday are “mostly U.S.-based,” a Netflix spokesperson told NPR in a statement.
“These changes are primarily driven by business needs rather than individual performance, which makes them especially tough as none of us want to say goodbye to such great colleagues,” the spokesperson said.
Netflix is making these changes to rein in costs amid the slowing revenue growth revealed during its first-quarter earnings call.
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