Topics regarding layoffs at Netflix Inc.

Topics regarding layoffs at Netflix Inc.

Layoffs at product division

Netflix‘s product division has pink-slipped workers across middle management and admin divisions, Deadline has learned. Sources familiar with the layoffs note they amount to several dozen, or less than 1% of the 6,000-employee division. The cuts are... — read more 


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Post ID: @OP+1kh9y39bm

Layoffs are coming

Every acquisition brings layoffs and one of this magnitude will certainly result in a major, major RIF. People in what could be considered redundant positions (and there are many of those) should start looking right away. You have about a year or so... — read more 


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Post ID: @OP+1kbwn54th

I called it

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 

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Post ID: @OP+1uWSTbHi

Paramount and Disney layoffs

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

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| 400 views | | 1 reply (September 26, 2024)
Post ID: @OP+1uHLjwmo

Scott Stuber leaving in March

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 

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Post ID: @OP+1qKzmqh1

We should be safe for now

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 

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Post ID: @OP+1qJ3yYY5

More Layoffs At Netflix

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

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| 550 views | | 1 reply (November 6, 2023)
Post ID: @OP+1psJRs6b

Netflix keeps laying people off

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 

Here we go again

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

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| 360 views | | 1 reply (October 12, 2023)
Post ID: @OP+1p3e0Zdg

Netflix leadership is a joke

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 

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Post ID: @OP+1ojMD9Vh

Looking Good

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 

$300M in cost cutting

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

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| 1070 views | | 2 replies (last May 13, 2023)
Post ID: @OP+1mAo5lCU

How to finaly stop losing subscribers?

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 

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| 1050 views | | 1 reply (April 18, 2023)
Post ID: @OP+1mcwG9hN

There were some layoffs last week

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.

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| 900 views | | 1 reply (February 25, 2023)
Post ID: @OP+1lmtsYzS

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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| 1000 views | | no replies yet
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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| 1080 views | | 1 reply (November 17, 2022)
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 

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| 780 views | | 2 replies (last October 18, 2022)
Post ID: @OP+1iVPJfXG

There were more cuts this week

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 

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| 1040 views | | 3 replies (last October 18, 2022)
Post ID: @OP+1iLq2kP1

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

Everything here is true

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

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Post ID: @OP+1i7jg2kJ

I don't understand how this is a good thing

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 

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Post ID: @OP+1hOgNkW6

How bad will the results be?

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 

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 are done

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

If I wasn't worried before, I am now

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 

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Post ID: @OP+1hH3eJj6

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 

Today's cuts so random???

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?

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| 930 views | | no replies yet
Post ID: @OP+1hoCE1Tw

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 

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