Netflix cuts 150 jobs after subscriber exodus
by Mark Sweney Media business correspondent from World news | The Guardian on (#5ZC0T)
US-focused redundancies in film and TV operations follow revenue slowdown
Netflix is cutting 150 jobs as the streaming company seeks to reduce its costs after revealing it expects to lose millions of subscribers in the first half of the year.
The widely expected cuts are mostly focused on its US operation, affecting employees in its sprawling film and TV divisions.
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