Netflix lays off 300 more employees as revenue growth continues to slow
Tough times are continuing at Netflix, with the company layoff off another 300 employees on Thursday. It’s the latest in a series of budget cuts as the streaming platform deals with shrinking revenues, a rapidly-falling stock price, and the loss of up to 2 million subscribers this quarter. The company is also considering a cheaper, ad-supported tier and cracking down on shared passwords.
