Netflix begins cutting costs by firing a number of marketers

Netflix has embarked on a cost-cutting phase by eliminating an unspecified number of marketing-related jobs, according to several people who said they were fired.

The Los Angeles Times newspaper reported that this reduction comes a week after the company announced a loss in subscriber numbers for the first time. in more than a decade.

The streaming service based in Los Gatos, in California lost 200,000 subscribers during the first quarter of quest’year.

He expects to lose more in the quarter in course, a revelation that alarmed investors and put in highlights the growing competitive pressures that Netflix is ​​facing.

Interestingly, “Netflix” refused to disclose the number of employees who have been laid off.

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