Netflix FIRES 300 workers as the company loses 70% of its value and 200,000 subscribers

Netflix FIRES another 300 workers despite streaming giant claiming it is ‘investing in the business’ as chaos continues after losing 70% of value and shedding 200,000 subscribers

  • Netflix has laid off 300 staffers as the company continues to cut costs
  • Streaming giant has lost 200,000 subscribers this year and expects to lose more
  • The stock price has plummeted in recent months, exacerbated by the ailing state of the US economy 

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Written by Bourbiza Mohamed

A technology enthusiast and a passionate writer in the field of information technology, cyber security, and blockchain

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