(RepublicanInformer.com)- A Netflix representative told a major news reporter that it is laying off another 150 employees due to poor income growth and a significant drop in customers.
The representative explained that the majority of employees released are from the United States. The adjustments are generally motivated by company demands rather than individual performance, making it particularly difficult because they are such wonderful employees. The lost jobs account for around two percent of Netflix’s overall workforce of roughly 11,000 people. The spokesman said Netflix would do everything it could to help them get through this difficult time.
In a statement to its shareholders, Netflix stated that sales growth has significantly slowed. Netflix is extremely popular throughout the world, but its popularity, plus the vast number of families sharing accounts, is causing revenue growth difficulties.
According to reports, Netflix itself contributed to the loss in revenues by suspending services to 700,000 customers in Russia in an attempt to punish the Russian government for invading Ukraine.
Media reports show Netflix sacked an entire crew of writers for the Tudum website, and virtually all of them were “women of color.” Netflix has also lost over 200,000 subscribing customers this year and is expected to lose another 2 million by the end of the year. Its stock price has gone down 70% since January. The company has been hurt by price increases, Covid-19 lockdowns, and increased competition.
According to an online cultural news publication, aside from the worsening economic situation, Netflix has been dogged by the ‘woke’ mob’s constant protests of Dave Chapelle’s comedy special. The company’s image was further damaged by its choice to release the 2020 film “Cuties,” which sexualized adolescent girls. The digital behemoth also squandered $75 million on Britain’s Prince Harry and Meghan Markle to produce more ‘sanctimonious, woke content’ that no one would watch, according to the report.
If things continue in this direction, Netflix may succumb to the same fate as CNN+, claim critics. And Billionaire Elon Musk suggested that Netflix’s embrace of “the woke mind virus” makes it unwatchable.