Netflix made another major cut to its staff Thursday, laying off 300 employees as the streaming company reels from hundreds of thousands of lost subscriptions.
Most of those losing their jobs will be in the U.S. and from multiple different departments within the company, according to a report from Variety.
“Today we sadly let go of around 300 employees,” a Netflix spokesperson told the outlet. “While we continue to invest significantly in the business, we made these adjustments so that our costs are growing in line with our slower revenue growth. We are so grateful for everything they have done for Netflix and are working hard to support them through this difficult transition.”
Variety noted that this is the second mass layoff at the company in as many