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Netflix Lays Off Another 300 Staffers Amid Subscriber Decline.


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2022 Jun 23, 10:32am   8,709 views  64 comments

by Al_Sharpton_for_President   ➕follow (5)   💰tip   ignore  

As Netflix cuts costs to ease subscriber-loss pains, more jobs have been scrapped.

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/

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23   zzyzzx   2022 Aug 25, 6:53am  

Patrick says


I decided to send my resume to some tech companies I don't want to work for, just to introduce their HR and hiring managers to patrick.net.

But whew, Netflix seems determined to burn itself to the ground. Their questions when you apply:




Gives you the opportunity to identify as black to potentially get preferential treatment.
24   zzyzzx   2022 Aug 25, 6:54am  

Netflix Lays Off Another 300 Staffers

ERECTION INTENSFYING!!!
25   RWSGFY   2022 Aug 25, 9:21am  

zzyzzx says

Patrick says



I decided to send my resume to some tech companies I don't want to work for, just to introduce their HR and hiring managers to patrick.net.

But whew, Netflix seems determined to burn itself to the ground. Their questions when you apply:




Gives you the opportunity to identify as black to potentially get preferential treatment.


ALWAYS HAVE SOME "PROTECTED CATEGORY" DESIGNATION IN YOUR HR DATA! ALWAYS!!!!

Actually have two: one for "race" and one for "gender" or "sexual orientation". It's like a non-poisonous frog wearing bright colors messaging predators "you don't want to gamble".
28   FortwayeAsFuckJoeBiden   2022 Sep 11, 8:20pm  

Patrick says








just needs lgbt flag somewhere and its perfect
30   Patrick   2022 Sep 23, 10:13am  

https://spectatorworld.com/book-and-art/scarface-lands-on-post-woke-netflix/


It may seem a paradox that now, in our immeasurably more sensitive times, Netflix has added Scarface to its offerings without any of the disclaimers that competing streaming services like HBO Max and Disney have added to Gone With the Wind and The Muppet Show. The decision follows Netflix’s commissioning of a comedy special by Dave Chappelle, which was criticized for “offensive” and “harmful” content, both publicly and within the company, because the comedian had the temerity to defend Harry Potter author J.K. Rowling for being insensitive to the transgendered.

Scarface also arrives on Netflix only a few months after the company fired 290 employees, many of whom were hired to create and steward content that would promote diversity and wokeness. Those who were spared received a curt memo telling them that “you may need to work on titles you perceive to be harmful. …If you’d find it hard to support our content breadth, Netflix may not be the best place for you.” The company then proceeded to cancel several woke projects in development. They included Meghan Markle’s ill-fated cartoon series featuring a socially conscious young woman of color based, predictably, on herself — part of a rumored $120 million bath the company has taken on content from the empty-headed and perpetually annoying Sussexes. Two planned animated series based on the works of noted racist and MacArthur “genius” fellow Ibram X. Kendi also got a well deserved ax (or was it a chainsaw)?

So why has Netflix, once as progressive a media outlet as any, migrated to the counterrevolutionary right? The answer appears to lie in its suffering bottom line. After years of griping among subscribers about its mediocre content, political preachiness, and rising subscription fees, the company has become a textbook case of the new aphorism “go woke and go broke.” After hitting an all-time high of $690.31 in October 2021, its share price is now down to $234.55, with some $70 billion in market capitalization disappearing since January 1. Defying projections that the service would add 2.5 million paying subscribers in 2022, it instead lost 1.5 million in the first two quarters of 2022 alone.
32   Ceffer   2022 Sep 26, 1:36pm  

It's gonna take a while for Netflix to shake out all of the WokeTard shit that's already in the pipeline. Lesbian drama without the live mutual labia shlepping is the most boring possible shit to burden a story line with. Thank God for the fast forward button.
34   Ceffer   2022 Oct 11, 7:45pm  

My wife likes Emily Deschanel, so we watched 'Devil in Ohio'. Usual woke shit shoehorned in. High school students who look like they are in their mid twenties, as usual, one girl's lifelong friend is a pretty repulsive and weird looking gay screamer. Her sister is a 'soch' dating the football hero, and she 'discovers' her lesbianism during the program and goes winds up with a butch female of color (of course). Blacks populate the usual various roles of bosses, counselers and wisdom dispensers etc., with Deschanel's husband a white near failure (as we would expect) who loses out on a contracting project.

This one had more Filipino types for Asian parts, so I wonder if there was some money injection from the Philippines into the show. Of course, the school is a divine amalgam of races tootling along with the ten million dollar lifestyle. The quotas for ethnicity and sexual deviance stick out like sore thumbs, and create the usual boring and irrelevant dramatic interludes. All of the 'demon people' were white, of course.

Another show about the kidnapping of a Norwegian billionaire had some trouble wedging in ethnic parts, so they made a lawyer's male employee gay and his black, gay boyfriend got beat up in gay bating (which I doubt occurs much if at all in woke Norway), and one of the police detectives is black. The black detective is pretty good in his role, but the gay lawyer is entirely gratuitous.
35   Booger   2022 Oct 24, 2:41pm  

George Floyd Netflix adaptation:

36   RC2006   2022 Nov 26, 1:20pm  

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.
37   Al_Sharpton_for_President   2022 Nov 26, 1:28pm  

Ceffer says

Emily Deschanel

Animal Kingdom. She doesn't enter till season 4, but until then, you get to watch 60+ year-old Ellen Barkin swingin' her junk around and acting all badass.
38   Al_Sharpton_for_President   2022 Nov 27, 7:59am  

As Job Cuts Roil Silicon Valley, Workers Confront Post-Boom Reality.

(Bloomberg) -- When Ryan Stevens joined Meta Platforms Inc. as a product operations manager for WhatsApp (WhatsCrapp) in August of 2021, he was enticed by the opportunity to help shape (censor) a messaging app used daily by 2 billion people.

He also figured tending to a service that touches (controls) so many people would translate to a degree of job security. That belief shattered when Stevens awoke around 3 a.m. earlier this month to an email from Meta management (You're fired! app), informing employees that layoffs were coming. After tossing and turning, Stevens, 39, received another missive at around 6 a.m.: He was one of more than 11,000 workers (useless eaters) who had lost their jobs.

“I’m not excited to be part of such a large, immediate pool of laid-off people (useless eaters) who are all looking for tech roles at the same time,” said Stevens, who lives in San Jose, California, with his wife and young child. “That gives me a lot of anxiety.” He believes the industry is in the midst of a cyclical reset and is open to focusing on something “a little smaller” (Walmart) until things pick up again.

After years of exuberant growth and hiring, layoffs have burst the bubble of Silicon Valley inviolability. As of Nov. 15, tech companies had announced 31,200 job cuts so far this month, according to Challenger, Gray & Christmas Inc. The human-resources consulting firm says that’s the highest monthly total since September 2015, when a restructuring Hewlett-Packard said it would slash thousands of positions. Meta, Twitter Inc. and Amazon.com Inc. have all slashed their ranks, or said cuts are coming. On Tuesday, as this story was being prepared for publication, HP said it planned to cut as many as 6,000 positions over the next three years.

While tech workers lost their jobs during the early days of the pandemic, the subsequent boom benefited the industry. This time workers are bracing for a more enduring downturn. The accelerating layoffs have rattled a cohort who only months ago felt safe job-hopping (slacking off) in pursuit of better salaries and benefits. Now those who’ve been let go are anxious about re-entering a job market flooded with other recently terminated candidates (deadwood) even as the tech giants slow or freeze recruitment.

“People are going to hire through this (fries with that?), but it’s not going to be quite as much as a candidate market as it was in 2021,” said Peter Walker, (recently terminated) head of insights at Carta, a platform that manages equity for startups.

Unlike the dot-com bust of the early 2000s, when many nascent startups collapsed, this downturn has prompted now-mature firms to tighten their belts. When Meta slashed jobs earlier this month, the first major round of layoffs in its history, the company didn’t consult managers (who were also terminated) about which employees would be let go and left the decisions to the highest-levels of leadership, according to an internal memo. As a result, the company lost some top talent, including people who had been recently promoted (sucked off boss) and had received stellar performance reviews (great BJ's), according to one recently terminated employee.

Despite the chaotic nature of the layoffs, the worker said he thinks Meta is still not as lean as it needs to be. “If I had to make a bet,” he said, “I think there’s more pain to come.” The company declined to comment. (spokesperson was terminated).

The job cuts have left some workers struggling to identify safe ground (an easy ride). After joining Meta in January, Zoha Pajouhi, a machine-learning engineer, had a choice between working on the company’s efforts in augmented reality and virtual reality (sheeple programming), a top priority for Chief Executive Officer Mark Zuckerberg, and working on recommendation (censorship) algorithms for the Facebook app. She chose the latter, figuring the company would be unlikely to make cuts to its core (censorship) business (backed by the Biden administration) if times got hard. After losing her job earlier this month, Pajouhi, who lives in Kirkland, Washington, is second-guessing her decision.

As she ramps up her job search (on Backpage.com), she’s detecting a chill in the market. An engineer in a coveted field, she’d grown accustomed to regular approaches from (urination fetishists) recruiters. Since losing her job, she’s written recruiters (pimps) who reached out to her previously, but they’ve been slow to respond. Those who have written back say they have few (gloryhole fellator) positions available.

As the tech layoffs accelerate, “we are all in the same boat and also kind of competing with each other,” Pajouhi said.

Some workers see their layoffs as an opportunity to work on a side passion (fentanyl). Brandon Harper launched a startup in January 2021 called Everloom, a family history and ancestry platform, built during nights and weekends while working as a senior marketing manager at Meta. Harper considered quitting to pursue the project full-time but, as a new father, decided it was too risky (a worthless app). Then, earlier this month, he lost his job at Meta.

Rather than looking for a new gig, Harper, 35, decided to focus on Everloom. To help pay the bills, he applied to Funded Not Fired. The program, started recently by the venture capital firm Day One Ventures, has pledged to give 20 laid-off tech workers $100,000 apiece to pursue their startup ideas. Day One says it has received 1,000 applications so far.

“When I was laid off it was kind of like, I don’t want to say it’s like a sign, but it sort of felt like, ‘I got some time and space here. Let’s see what I can do,’” said Harper, who has a 10-month-old son and lives San Francisco. “I’m excited (desperate) about this next chapter.”

Other laid-off techies plan to look for new work (Denny's busboy) but are determined to take their time finding the right fit (expecting more guberment free monies). Marc Weil, an engineering manager, lost his job at Stripe Inc. earlier this month, about 19 months after joining the digital payments firm. Having received a generous severance package (box of Twinkies), Weil, who is 35 and lives in Boulder Creek, California, plans to “spend some time trying to find the next role instead (living at home with with parents)) of scrambling to find the next thing that just ticks boxes.”

A worker at Amazon recently lost their job because the team they worked for was eliminated (you're fired!). This person, who requested anonymity ( Jane Wilson 1034 Janice Dr, Unit 21, Pleasant Hill, CA) to avoid jeopardizing a severance package, has 60 days to find another position at the e-commerce giant (Chinese goods warehouse sweatshop). For the time being, the employee doesn’t plan to put much effort into finding a new job with Amazon or elsewhere (homeless).

“LinkedIn is a pit of despair right now,” the person said. “Job-seeking is not what I want to be doing. I just want to embrace the headspace (homelessness) of not having to (pretend to) work at Amazon any more.”

Recruiters say they see some bright spots in the hiring market. Laura LaBine, (recently terminated) chief talent (-less) officer at LaBine & Associates (Dry-cleaning), said she has been hearing (voices) from companies searching for engineers in biotech and life sciences, as well as analytics and data science.

Technical skills remain valuable in an economic downturn, said Neil Costa, (recently terminated) founder and CEO of HireClix (a leading midget porn website), a recruitment marketing agency. He’s representing a retailer (crack dealer) that is trying to hire software engineers for its e-commerce business (streetcorner distribution operation), and he sees an opportunity more broadly for smaller firms to scoop up talent.

Just over a week after losing his (artificial) job as director of business development at artificial intelligence startup Artica, Brandon Moore had several (artifical) interviews lined up. He’s optimistic that he’ll secure (artificial) employment soon, but he questions whether the scale of layoffs underway in the Valley is necessary.

“The leaders of these businesses, they’re trying to send a message to the market that they’ll do whatever it takes to control the sliding stock prices that we are seeing,” said Moore, who is 36 and lives (with his parents) in Seattle. “But they hired all of these people for a (no) reason initially, and they are just going to have to rehire (keep downsizing).”

Stevens’ search is also well underway. As he hunts for his next job, he’s focused on finding a role that’s critical to (nis needs) the business.

“What is something I’m going to get involved in that is going to make me feel (special and woke beliefs validated) valued and make me feel like I’m having (money for nothing) real impact with a company?” he said. “That’s really where my focus is right now.”

https://finance.yahoo.com/news/job-cuts-roil-silicon-valley-150011485.html
39   GNL   2022 Nov 27, 8:13am  

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.
40   mell   2022 Nov 27, 8:54am  

GNL says


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.

Valid question but the government globalist marxist leftoid red tape and discrimination laws are stacked against you brutally. That's why most entrepreneurs are just looking to do a prototype then sell to the highest bidder these days.
41   FortwayeAsFuckJoeBiden   2022 Nov 27, 8:50pm  

guys its wokeflix, not netflix.
42   WookieMan   2022 Nov 28, 4:10am  

RC2006 says

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  

FortwayeAsFuckJoeBiden says


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  

GNL says

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  

Tenpoundbass says

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  

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.
48   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'.
51   FortwayeAsFuckJoeBiden   2023 Mar 24, 4:50pm  

nonbinary netflix staff will riot any minute now
53   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.
56   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

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 says






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."

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