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Evening Standard

Business

Mark Banham

Netflix cuts 150 US jobs after subscriber fall and share price slump

Netflix United States Bill Ackman

Teen drama Heartstopper has become a breakout hit on Netflix
(Picture: Netflix)

Netflix has has laid off 150 employees – mostly in the US - after a slowdown in revenues and a slump in subscriber numbers.

The cuts equate to 2% of the workforce in the country.

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One subscription that gives you access to news from hundreds of sites

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