cnbc.com/2022/06/23/netflix-lays-off-300-more-employees-as-revenue-growth-continues-to-slow.html
The cuts represent about 3% of total employees. Netflix had warned investors in April that it would be pulling back on some of its spending growth over the next two years. The cuts come about a month after the streaming company eliminated about 150 positions in the wake of its first subscriber loss in a decade.

Netflix had warned investors in April that it would be pulling back on some of its spending growth over the next two years. Spencer Neumann, the company's chief financial officer, said Netflix is trying to be "prudent" about pulling back to reflect the realities of its business. "We are so grateful for everything they have done for Netflix," Neumann said.

Netflix is exploring lower-priced, ad-supported tiers in a bid to bring in new subscribers. The company still plans to invest heavily, including around $17 billion on content. Netflix shares were roughly even in afternoon trading Thursday, but are off more around 70% year to date.
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