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Benzinga
Benzinga
Technology
Shivdeep Dhaliwal

Netflix Lays Off 150 Employees Due To 'Slowing Growth:' What You Should Know

Netflix Nasdaq CNBC United States

Netflix Inc (NASDAQ:NFLX) is reportedly laying off nearly 150 employees due to “business needs.”

What Happened: A representative of the subscription video-on-demand firm said its “slowing growth” meant that it had to slow the “cost growth as a company,” reported CNBC, which cited a company spokesperson.

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