Deadline, which first reported the news and according to an internal memo. “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.
We’re working hard to support them through this very difficult transition”.TheWrap has reached out to Netflix for comment. Netflix in its Q1 earnings report earlier this year reported its first ever loss of subscribers, dropping by 200,000, and even projected losing an additional 2 million subscribers, which sent the streamer’s stock plummeting.
As a result, Netflix brass hinted at a crackdown on password sharing as well as the introduction of an ad-supported, cheaper pricing tier, which could now arrive on Netflix by the end of this year.
Read more on thewrap.com
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