EOM

Netflix Layoffs Hit Publicity Department Netflix‘s PR operation underwent layoffs Thursday. About 10 people were impacted across series and film publicity, sources said. The cuts are believed to be part of a reorganization under Natalie Bjelajac who... — read more 

Both Paramount and Disney are having major layoffs. Is anybody else worried that we might be next?

Netflix‘s film chief Scott Stuber is leaving the streamer to start a new media company. The exec will stay at Netflix through the middle of March, after which chief content officer Bela Bajaria will find his replacement, according to those... — read more 

Netflix (NFLX) said Tuesday that its fourth quarter subscriber additions surged, topping its own forecast and sending its stock as much as 14% higher in early trading on... — read more 

https://www.mediapost.com/publications/article/390814/more-layoffs-at-netflix.html

A few here, a few there... It's ongoing but too small to raise any attention. It's rare to see some of it make it into the news. Anybody who works at Netflix and thinks he or she is safe is delusional. Job security might have been a job benefit once... — read more 

And again it's going to hit animation hard. https://www.marca.com/en/lifestyle/movies/2023/10/12/652752f022601de1548b457b.html

So, Ted Sarandos is worried that being fair to writers and actors here will force the company to be fair to actors and writers in other countries. Do these people ever think before they speak? This is why we have layoffs even when things are going... — read more 

Cost cutting measures and password sharing crackdowns appear to be working as Netflix is the lone bright spot in a hollywood death spiral. disney, warner, paramount, and universal are over... netflix and youtube are the current titans of the... — read more 

https://www.wsj.com/articles/netflix-plans-to-cut-spending-by-300-million-in-2023-7940b06a?mod=panda_wsj_author_alert

Here are Netflix's first-quarter results compared to Wall Street's consensus estimates, as compiled by Bloomberg: Revenue: $8.16 billion versus $8.18 billion expected Earnings per share (EPS):* $2.88 versus $2.86... — read more 

I know a few people were cut last week, but it seems more like isolated incidents than an actual layoff round. I could be wrong, though, so if anybody knows more, let us know.

The WARN Act requires an employer to notify employees, in writing, 60 days before a layoff, and pay the employee for those 60 days, in addition to any severance the employee may be entitled to. Unfortunately, some employers attempt to circumvent the... — read more 

"Silicon Valley is telling us something about the recession to come with a huge wave of layoffs and hiring freezes this week" https://fortune.com/2022/11/03/tech-company-layoffs-are-a-recession-signal-apple-stripe-lyft-amazon-twitter/

I'm thinking that the drop in subscribers - which will most likely be significant - will automatically trigger more layoffs. I think that at this point in the game none of us are safe. I just hope it will not be as bad as some are predicting because... — read more 

"Reviews.org surveyed 1,000 Americans about their Netflix habits. Twenty-five per cent said that they planned to leave this year. That could mean that over 18million US subscribers will vanish, leaving a $272million ho-e in the streaming company's... — read more 

I'm sad to see that nobody is talking about it. Netflix got rid of 30 people from animation. Good people who did excellent work no longer have a job but those on top whose lousy decisions put us in this position are still employed and still... — read more 

There's no money for employees but there's plenty of money to hire two expensive ad executives from Snap. It's obvious the direction Netflix is headed in and it'll be its downfall. I have no intention to be here and watch it happen, though. As soon... — read more 

https://sfist.com/2022/08/16/netflix-is-letting-go-of-its-original-hq-in-los-gatos/

There's a major culture shift inside Netflix. Insiders describe less 'candor' and more 'fear-based'... — read more 

Netflix or transportation. Netflix or credit card bills.

Layoffs cost $70 million in severance. Add to that the bad publicity and a lot of people considering leaving for greener pastures because we don't feel like we have job security anymore and I can't find the positive side. Yes, the costs have been... — read more 

I'm wondering how many subscribers we lost this quarter and how many jobs will it cost. We've seen that Netflix reacts to a drop in numbers with a drop in employees and I doubt they'll change that any time soon. It's going to be an interesting few... — read more 

I am waiting for the colleague who left to be replaced, but I am already losing hope that this will happen. There are job openings, but nobody seems to be getting hired. What is this all about?

Stop worrying and start enjoying life once again. Your mental health will thank you.

Ad-supported subscription model goes against everything that Netflix stands for. If that is one of the options that is being aggressively pursued, then things are worse than I thought. I honestly didn't worry about layoffs too much until now. That... — read more 

I know one of the advantages of Netflix is good pay, but if it's between losing my job and taking a, let's say, 10 percent pay cut across the board, I'd be happy to do it. I know a pay cut is never fun, but in this case, I'd rather still have job... — read more 

There are rumors about another round of cuts next week. This will not happen. We have 1500 roles to fill and we'll continue to grow.

I think we'll be having layoffs on more or less monthly bases for the foreseeable future. We are entering a recession and services like ours are among the first non-essential costs that get cut. This has nothing to do with quality or quantity or... — read more 

I am perplexed by the fact that a company that often paid the highest base amongst tech companies has to cut down employees as the encounter first signs of trouble? Their financials are amazing, $5B in net income. Growing revewnue and income all... — read more 

Many groups are affected - there is no advance notice. Product, customer service, legal, engineering etc - multiple biz functions. It's hard to find a pattern here?

Layoffs continue, there were more today. The four month severance was taken out of the culture deck at a convenient time like this. The culture also went bad recently, it was all about $$$ - now that $$$ is gone everyone is pissy and trying to bail... — read more 

Netflix just laid off another 300 people.

Budget cuts and a corporate memo that tells staff that the streaming giant "may not be the best place for you" if they won't work on content "you perceive to be harmful" has fomented... — read more 

I can't help but worry.

If your passion is protesting, and you are causing trouble, watch out. This goes for many companies right now. They need to stabilize their businesses in the wake of gigantically rising costs. We are in for a period of retrenchment. The days of... — read more 

https://www.entrepreneur.com/article/427842