Netflix | Streaming giant lays off 300 more workers as slow growth continues

Netflix has cut a further 300 in a second round of layoffs, as the firm’s financial struggles continue.

First reported by Variety, the streaming giant’s latest redundancies affect several different departments, including some international workers but mostly those based in the US.

Netflix spokesperson Bao Nguyen told The Verge: “Today we sadly let go of around 300 employees.

“While we continue to invest significantly in the business, we made these adjustments so that our costs are growing in line with our slower revenue growth.”