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Netflix Lays Off Another 300 Staffers Amid Subscriber Decline.
invite response
2022 Jun 23, 10:32am 8,712 views 64 comments
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42
WookieMan
2022 Nov 28, 4:10am
WookieMan
2022 Nov 28, 4:10am
RC2006 says
Wouldn't surprise me. I haven't gotten into a new show or watched a new movie in years. One I don't have time, but two all the new stuff is just copying old films and narratives. All the stuff my kids watch was from when I was a kid or young adult up until say 2005.
Throw in a pandemic and old people aren't wanting to sit indoors for hours and potentially get sick and die. Hollywood first needs to make better films, but they also need direct from production completion to home tv screens. If I felt the film warranted it, I'd have no problem dropping $100 and having some friends over to watch it. Hollywood takes out the middle man, the theaters, and makes more money.
I'm getting excited for my new home theater build. If I get my 9' ceilings in the basement, I think I can get a 220" screen. Double what I have now. And a proper media closet with rack mount gear, piping and wiring. Basically a nice clean setup where I can feed wires to future locations if I want to add speakers or powered subs.
Have a old friend in legal for the Hollywood unions. Told me massive layoffs coming across the board for all aspects of the industry, all studios.
Wouldn't surprise me. I haven't gotten into a new show or watched a new movie in years. One I don't have time, but two all the new stuff is just copying old films and narratives. All the stuff my kids watch was from when I was a kid or young adult up until say 2005.
Throw in a pandemic and old people aren't wanting to sit indoors for hours and potentially get sick and die. Hollywood first needs to make better films, but they also need direct from production completion to home tv screens. If I felt the film warranted it, I'd have no problem dropping $100 and having some friends over to watch it. Hollywood takes out the middle man, the theaters, and makes more money.
I'm getting excited for my new home theater build. If I get my 9' ceilings in the basement, I think I can get a 220" screen. Double what I have now. And a proper media closet with rack mount gear, piping and wiring. Basically a nice clean setup where I can feed wires to future locations if I want to add speakers or powered subs.
43
Ceffer
2022 Nov 28, 5:04am
Ceffer
2022 Nov 28, 5:04am
FortwayeAsFuckJoeBiden says
Blackcomputergeniusesfuckingwhitecheerleadersflix. I'm playing another computer game with degenerative pukey woke-ism in inappropriate attributions. If there is enough puzzle solving and mass murder, I'll get through it OK. "Ghost of Tsushima" might be a good one because presumably it is all Japanese characters in appropriate settings and might give some woke-ism relief.
guys its wokeflix, not netflix.
Blackcomputergeniusesfuckingwhitecheerleadersflix. I'm playing another computer game with degenerative pukey woke-ism in inappropriate attributions. If there is enough puzzle solving and mass murder, I'll get through it OK. "Ghost of Tsushima" might be a good one because presumably it is all Japanese characters in appropriate settings and might give some woke-ism relief.
44
Tenpoundbass
2022 Nov 28, 5:58am
Tenpoundbass
2022 Nov 28, 5:58am
GNL says
Tech needs to return back to the desk top, people need to regain control of their digital life and privacy.
I do not understand why more hi tech geniuses don't start their own companies. I believe there is a ton of opportunity out there for the smart developers.
Tech needs to return back to the desk top, people need to regain control of their digital life and privacy.
45
WookieMan
2022 Nov 28, 6:13am
WookieMan
2022 Nov 28, 6:13am
Tenpoundbass says
I'm a desktop guy. I have a phone but try to avoid using often. I need a screen and a mouse. This touch screen shit is crap. It's also likely slowly making everyone blind.
If I was driving around for RE again I'd probably get a laptop mount like cops have. With hotspots, you can get internet anywhere. Pull over and slide it over and start working. I can get more done in 1 minute with a 17" laptop with full keyboard versus 5min on a phone or tablet.
Tech needs to return back to the desk top, people need to regain control of their digital life and privacy.
I'm a desktop guy. I have a phone but try to avoid using often. I need a screen and a mouse. This touch screen shit is crap. It's also likely slowly making everyone blind.
If I was driving around for RE again I'd probably get a laptop mount like cops have. With hotspots, you can get internet anywhere. Pull over and slide it over and start working. I can get more done in 1 minute with a 17" laptop with full keyboard versus 5min on a phone or tablet.
46
Ceffer
2022 Nov 28, 11:25am
Ceffer
2022 Nov 28, 11:25am
I remember a Netflix British murder mystery show a few years ago. It was filmed at a real public (aka private) school. In the program, they showed the head of the school and a lot of teachers, head administration and students being black.
You could go to the actual school online and see many photographs of the real school and children. There were Asians, oriental children, and mostly white children at the school. I think in all the pictures there was just one mulatto girl, heavy white blood. In other words, the actual school had a single identifiable mulatto girl in all the pictures amongst the student body and staff, otherwise mostly white and Asian. The canard of SJW shoehorning didn't reflect the reality of the school they used, and, of course, likely bore no reflection of the actual school systems.
You could go to the actual school online and see many photographs of the real school and children. There were Asians, oriental children, and mostly white children at the school. I think in all the pictures there was just one mulatto girl, heavy white blood. In other words, the actual school had a single identifiable mulatto girl in all the pictures amongst the student body and staff, otherwise mostly white and Asian. The canard of SJW shoehorning didn't reflect the reality of the school they used, and, of course, likely bore no reflection of the actual school systems.
48
Ceffer
2023 Jan 30, 1:49pm
Ceffer
2023 Jan 30, 1:49pm
LOL! The 'fat black lesbian' full of humor and worldly wisdom and the 'ugly black boyfriend of the white cheerleader walk on' have become the new 'do nothing' mob employees of the woke shit projects to tick off as many SJW boxes as possible. They obviously have check lists for these role insertions.
You can almost see the other actors flabbergast a bit as they try to act around them and make it appear natural. Maybe the acting classes now include "How to act around the cringe crowbar inserted inappropriate sexual preference and ethnic role actors without losing your shit'.
You can almost see the other actors flabbergast a bit as they try to act around them and make it appear natural. Maybe the acting classes now include "How to act around the cringe crowbar inserted inappropriate sexual preference and ethnic role actors without losing your shit'.
50
RWSGFY
2023 Mar 24, 12:06pm
RWSGFY
2023 Mar 24, 12:06pm
Patrick says
FINALLY SOME WHITE FOLKS GETTING ROLES!!!
https://babylonbee.com/news/new-netflix-series-on-tyre-nichols-beating-to-feature-white-officers
FINALLY SOME WHITE FOLKS GETTING ROLES!!!
53
Tenpoundbass
2023 Mar 31, 10:45am
Tenpoundbass
2023 Mar 31, 10:45am
My music buddy's Wife loves British PBS serial shows about the Crown and Palace intrigue. I could see her blowing a fuse about this as well.
For some reason, She loves watching shows about British high society hob knobbing. But She suspects most White Folks are Racist like the TV say.
But still I don't think she would watch a Blackwash show about British Royalty.
For some reason, She loves watching shows about British high society hob knobbing. But She suspects most White Folks are Racist like the TV say.
But still I don't think she would watch a Blackwash show about British Royalty.
56
WookieMan
2023 Apr 15, 3:32pm
WookieMan
2023 Apr 15, 3:32pm
Does anyone really watch TV, shows or movies? I sure as hell don't. Recorded content is basically all websites now for me.
57
FortwayeAsFuckJoeBiden
2023 Apr 15, 3:39pm
WookieMan says
boomer generation is the last generation on that. hell, i haven’t seen tv in years, or gone to cinema. no internet content either. too fucking busy trying to survive.
Does anyone really watch TV, shows or movies? I sure as hell don't. Recorded content is basically all websites now for me.
boomer generation is the last generation on that. hell, i haven’t seen tv in years, or gone to cinema. no internet content either. too fucking busy trying to survive.
60
Patrick
2023 May 1, 2:54pm
Patrick
2023 May 1, 2:54pm
Patrick says
More about this:
https://notthebee.com/article/criticizes-netflixs-cleopatra-film-for-falsifying-egyptian-history
More about this:
https://notthebee.com/article/criticizes-netflixs-cleopatra-film-for-falsifying-egyptian-history
Dr. Nasser Mekkawy, head of the Egyptian Department of Archeology at Cairo University also said Cleopatra would have been light-skinned due to her Macedonian-Greek heritage.
Zahi Hawass, Cairo's former antiquities minister, said the documentary is "completely fake."
"Cleopatra was Greek, meaning that she was light-skinned, not black," Hawass said. "Netflix is trying to provoke confusion by spreading false and deceptive facts that the origin of the Egyptian civilization is black."
64
Tenpoundbass
2023 Jun 24, 11:50am
Tenpoundbass
2023 Jun 24, 11:50am
Block Buster vs Netflix.
Block Buster was exciting, everyone was excited to go to Block Buster. People would struggle internally over which three titles they were taking home. As they shuffled though the 5 or 3 titles, they want to rent but can only take 3. To the best of my recollection, I don't ever recall going to Block Buster and leaving empty handed. Never ever once!
Netflix I fall asleep every time I try to find something to watch. Just endlessly scrolling over Faggy Creepy Commie bullshit with Dykes and POCs running the world in a Sex Change operation complete with leaky puss oozing makeshift sexual organs, and smell of trannny schmegla. Nothing but pure first rate Shit.
Come to think of it, I can't recall scrolling through the Netflix menu and finding something I want to watch in over 5 years.
I ditched Netflix 5 years ago, but one of my Adult Daughters that still lives at the house, pays her own subscription so it's on our TV. I'll look in from time to time to see if they have mended their ways. Especially after stories of lost subscribers and massive layoffs. But fuck no, they always kick it up a notch after these reports.
Fuck em!
Block Buster was exciting, everyone was excited to go to Block Buster. People would struggle internally over which three titles they were taking home. As they shuffled though the 5 or 3 titles, they want to rent but can only take 3. To the best of my recollection, I don't ever recall going to Block Buster and leaving empty handed. Never ever once!
Netflix I fall asleep every time I try to find something to watch. Just endlessly scrolling over Faggy Creepy Commie bullshit with Dykes and POCs running the world in a Sex Change operation complete with leaky puss oozing makeshift sexual organs, and smell of trannny schmegla. Nothing but pure first rate Shit.
Come to think of it, I can't recall scrolling through the Netflix menu and finding something I want to watch in over 5 years.
I ditched Netflix 5 years ago, but one of my Adult Daughters that still lives at the house, pays her own subscription so it's on our TV. I'll look in from time to time to see if they have mended their ways. Especially after stories of lost subscribers and massive layoffs. But fuck no, they always kick it up a notch after these reports.
Fuck em!
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Netflix has informed 300 employees that they no longer have a job. The Thursday headcount reduction comes in addition to the 150 staffers who were let go last month. These rounds of layoffs come after the streamer earlier this year reported it lost 200,000 paying subscribers and expects to shed another 2 million subs in the current quarter.
Thursday’s job cuts came across multiple units; most are in the U.S.
“Today we sadly let go of around 300 employees,” a Netflix spokesperson said in a statement provided to IndieWire. “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.”
The May layoffs also affected largely U.S.-based employees, including some in the executive ranks working on original content. All said, 150 employees were laid off in addition to dozens of contractors and part-timers. Netflix’s workforce is some 11,000 strong. The company also performed a round of layoffs in its editorial division on April 28, letting go at least 10 full-time staffers.
“As we explained on earnings, our slowing revenue growth means we are also having to slow our cost growth as a company,” Netflix said after the May cuts. “So sadly, we are letting around 150 employees go today, mostly U.S.-based. These changes are primarily driven by business needs rather than individual performance, which makes them especially tough as none of us want to say goodbye to such great colleagues. We’re working hard to support them through this very difficult transition.”
Netflix stock (NFLX) has taken a beating this year, sliding about 50 percent since it announced the Q1 subscriber decline — the first time its user base has shrunk in a decade. Netflix will report its Q2 performance on July 19.
Shares in Netflix opened at $180.50 Thursday. They hit an all-time high in October of over $700.
As a fix, the company has committed to cutting costs in order to keep its margins at 20 percent, which explains the job cuts. But it’s still spending big on content: Netflix is on track to spend $17 billion this year, around the same amount as last year. By comparison, Disney is on track to spend $32 billion on content this year across its streaming, linear, and theatrical properties, up $8 billion from last fiscal year.
Both Netflix and Disney are embracing ad-supported tiers on their flagship streaming services. MoffettNathanson estimates Netflix could generate $1.2 billion in U.S. advertising revenue by 2025, which is equal to just 4 percent of the company’s worldwide revenue last year; Disney+ could make $1.8 billion that year.
https://www.indiewire.com/2022/06/netflix-lays-off-employees-1234736137/