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The Guardian - US

Business

Kari Paul and agency

Netflix lays off 300 employees in second round of job cuts

Netflix Ted Sarandos Cannes Lions

The Netflix building on Sunset Boulevard in Los Angeles, California. — The Netflix building on Sunset Boulevard in Los Angeles, California. Photograph: Frederic J Brown/AFP/Getty Images

Netflix announced on Thursday it laid off 300 employees in a second round of job cuts after losing subscribers for the first time in more than a decade.

The cuts amounted to about 4% of the streaming giant’s workforce, and mostly affected US employees. They came after the company cut 150 jobs last month.

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