Netflix
Washington/UNI: Netflix has laid off about 150 employees a month after it announced loss of subscribers for the first time in a decade.
According to BBC, the redundancies announced by the streaming service on Tuesday will mainly affect its US office in California.
The recent cut off accounts for about 2 percent of its North American workforce.
The entertainment giant said, "These changes are primarily driven by business needs rather than individual performance, which makes them especially tough as none of us want to say goodbye to such great colleagues."
In April, the company had revealed that it had lost 200,000 subscribers in the first three months this year and also warned that two million more were expected to quit in the coming quarter.
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