Netflix has laid off about 150 staff, just a month after the entertainment giant said it was losing subscribers for the first time in a decade.
The redundancies, announced by the streaming service on Tuesday, will mainly affect its US office in California. They account for about 2% of its North American workforce.
Netflix said the job losses were due to the slump in the company's revenue.
The streaming service is battling an exodus of viewers this year.
[Source: BBC]
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