By Patrick Frater Asia Bureau Chief Iflix, the multi-territory streaming firm based in Malaysia, has confirmed a significant wave of job cuts.
The company is under pressure during the coronavirus crisis and ahead of debt repayment deadlines. The company is believed to be laying off 65 people across its various locations. “The industry is not immune to these unprecedented circumstances.
Our decision to reduce the company’s headcount has come after careful consideration and in conjunction with other cost-cutting measures, to enable the company to endure this indefinite and uncertain period,” said CEO Marc Barnett in a statement. “We remain focused on driving the business through to breakeven in 2021 and these steps are part of ensuring we
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