Netflix Fires 150 Employees Following Ongoing Losses

In late April, we covered some of the internal chaos that was going on at Netflix following their loss of over 600,000 subscribers in North America last quarter. The streaming giant is expecting to lose another 2 million in the next quarter, and that loss is being passed down to the employees. While Netflix continues to sort out its future, they’ve also laid off 150 employees. While cutting 2% of its American workforce doesn’t seem super large, it’s a big deal when taken as part of the larger picture.

Since the announcement of Netflix‘s recent misfortunes, there has been a lot of doom saying in the news and across the internet. Personalities like ColdFusion are already discussing “The Rise and Fall of Netflix.” Which, honestly, is far too presumptuous of a statement to make…

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