Netflix Cuts 300 Jobs in New Round of Layoffs
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thewrap.comleading streamer’s enterprise value, which ballooned to $277.3 billion last year, is down to around $100 billion.During the company’s recent earnings call the CFO, Spence Neumann, said the company was slowing cost growth to maintain margins due to to the slower growth in revenue.
Among other ways to boost subscribers and cut costs, Netflix has hinted at introducing ad-supported pricing tiers to its service and cracking down on users who share passwords with other households, among other changes.
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