Netflix on Thursday began a round of cost-cutting by eliminating an undisclosed number of marketing-related jobs, according to several people who said they were laid off.
The reductions come a week after Netflix reported its first subscriber loss in more than a decade. The Los Gatos, Calif.-based streaming service lost 200,000 subscribers in the first quarter and expects to lose even more in the current quarter, a disclosure that rattled investors and highlighted the mounting competitive pressure Netflix faces.
Some of the laid-off people said they worked on Tudum, a pop culture website that markets Netflix programs.
