What is the sentiment of this news? Please choose an answer from {strong negative/moderately negative/mildly negative/neutral/mildly positive/moderately positive/strong positive}.

Netflix confirmed it's laid off approximately 150 primarily U.S.-based staffers as it works to rein in costs as its top-line growth has slowed down. A Netflix representative wrote in an emailed statement, “As we explained on earnings, our slowing revenue growth means we are also having to slow our cost growth as a company.
mildly negative