Netflix cuts another 300 employees - Variety
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Netflix (NASDAQ:NFLX) has started a new and slightly bigger round of layoffs, with some 300 staffers losing their jobs, Variety reports.
That follows cuts of about 150 workers in May.
The new job cuts are mostly in the United States but reach across multiple business functions, according to the report.

"While we continue to invest significantly in the business, we made these adjustments so that our costs are growing in line with our slower revenue growth," Netflix (NFLX) said.
Earlier, Netflix co-CEO Ted Sarandos confirmed the company was talking with "all" of the potential partners to launch an advertising-supported service tier.