Netflix lays off Employees: Netflix has shown its 300 employees the way out, this is the reason

Video streaming market giant Netflix, which has about 11,000 permanent employees, just a week ago, in the first round of layoffs in May, laid off almost the same number of workers.

Well-known video streaming platform Netflix, which has been in the news for layoffs for some time, has once again done a massive layoff. According to reports, in the second round of layoffs, the company has shown the way out of about 300 employees.

According to the news going on in the media, the employees have been shown the way out in almost every department of the company. Most of the company's employees who have lost their jobs in this layoff are from America.

Video streaming market giant Netflix, which has about 11,000 permanent employees, just a week ago, in the first round of layoffs in May, laid off almost the same number of workers. In May, the company laid off 150 of its employees and dozens of contract workers and part-time workers.

At that time, Netflix had fired the top creative professionals of its original series vertical, Sebastian Gibbs and Negin Salmasi. During the first round of layoffs from the company itself, it was said that there may be more layoffs this year.

Let us tell you that the company has decided to lay off its personnel as part of the exercise to stabilize the company's deteriorating stock price in the stock market. Let us tell you that after the loss of 2 lakh subscribers in the first quarter of the year 2022, the price of the company's shares had fallen by up to 20 percent.

Market experts estimate that from the second quarter of april to june 2022, the company may face a loss of two million subscribers. According to statistics, the company has a total of more than 38 million paid subscribers.