Netflix braces for more layoffs
YUMA, Ariz. (KYMA, KECY-TV/ CNN) - According to Variety, the cuts will be similar to those taken in May when the streaming giant laid off 150-employees and dozens of contract and part time workers.
It's unclear which departments will be hit, but various reports that impacted staff are expected to be notified in coming days.
Netflix has been looking to cut costs amid stock troubles.
The company has lost nearly 70-percent of its value in the past few months, after revealing that nearly 2-hundred-thousand subscribers have dropped their service.
