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Netflix Lays Off 150 Staffers in Cutback After Subscriber Loss



Photographer: Chris Ratcliffe/Bloomberg

Netflix Inc. said Tuesday it’s laying off about 150 employees, fallout from the surprising drop in customers the streaming company reported last month.

“Our slowing revenue growth means we are also having to slow our cost growth as a company,” Netflix said in an emailed statement. “So sadly, we are letting around 150 employees go today, mostly US-based.”