LET'S FIND OUT WHY NETFLIX FIRED 150 EMPLOYEES

Netflix recently made a decision regarding the poor growth of the company in the United States. In this article, we will attempt to sum up what we know so far.

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NetFlix recently decided to move regarding the company's slow growth and disappointing earnings. And its directed the employees.

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Netflix is currently terminating 2 percent of its U.S. workforce due to the recent layoffs.

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ALSO, IT WAS REVEALED THAT THE DECISION WAS MADE TO COMPARE INDIVIDUAL PERFORMANCES FOR BUSINESS PURPOSES.

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According to Netflix, the company reported approximately $7.87 billion in Q1, falling short of Wall Street's estimates of $7.93 billion.

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70% OF THE PART-TIME EMPLOYEES IN NETFLIX'S ANIMATION STUDIO WILL HAVE TO LEAVE THEIR JOBS. SO MOST PART TIME EMPLOYEES WILL NO LONGER BE A PART OF NETFLIX.

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ADDITIONALLY, NETFLIX WANTS TO RELEASE SHOWS AND MOVIES ON ITS PLATFORMS AS WELL. ITS MANAGEMENT THINK THAT IT WILL DEFINITELY HELP TO RECOVER THE LOSS.

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