Topics regarding layoffs at Netflix Inc.

Topics regarding layoffs at Netflix Inc.

Were you laid off? WARN Act

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 

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Post ID:  @OP+1kVQQGML

There may be nowhere to go...

"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/

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Post ID:  @OP+1jy52sno

That's Not Good

"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 

Here we go again

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 

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Post ID:  @OP+1iuIIOpV

Job openings

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?

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Post ID:  @OP+1hJhQL2W

Layoffs have just begun

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 

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Post ID:  @OP+1hpT34mF

Why?

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 

It's getting worse

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 

It's not just Tudum

Don't think for a second these layoffs were limited just to Tudum. All you have to do is check Twitter, people who were affected are posting and they are from various areas. This is our new reality. Netflix has to keep shareholders happy. With fewer... —  read more 

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Post ID:  @OP+1gNP2Avf

The Internal Battle

Netflix’s Big Wake-Up Call: The Power Clash Behind the Crash /source in comments, continues in comments/ As rivals toggle between schadenfreude and fear, top creators and insiders are increasingly becoming vocal about what’s gone wrong with the... —  read more 

Why am I not surprised?

Netflix 'Reorganizing' Its 'Marketing Team' Results In A Majority Of Black Women Claiming They've Been Laid Off “It is worth mentioning that Netflix actively recruited Black women and people of color just to lay them off MONTHS later without a... —  read more 

It'll get better

I was cut in January 2020 - talk about bad timing - but I managed to get back on my feet quickly. I did take a pay cut, but it turns out taking a job even if it wasn't perfect was the best decision I could have made since I remained employed... —  read more 

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Post ID:  @OP+1gyiTFkK

What's next?

Any ideas on what's next? There has to be somebody in the know who's willing to share with the rest of us. I'd like to know ahead if my team is in danger so I can start preparing in case I get the pink slip. I love my job here, but I'm aware that... —  read more 

Netflix Animation

A friend said there's trouble brewing at Netflix Animation and a lot of people are worried about what might be coming in the next few months. I personally think people are overly stressed and worried right now, and I don't see any major cuts taking... —  read more 

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