Netflix Layoffs
April 2022
Netflix announced a layoff affecting 25 employees in April 2022. The company operates in the Media sector.
25
Apr 28, 2022
About
Netflix, the global streaming giant, laid off 25 full-time staffers and contractors from its global marketing team, which comprises over 500 employees, representing a cut of about 5%. This move occurred on Thursday, April 28, 2022, as part of a larger reorganization within the marketing department, aimed at cutting costs and simplifying structure. The layoffs specifically impacted Tudum, Netflix's fan website and marketing arm launched just months prior in December 2021. The restructuring also included executive promotions and departures. While planned before Netflix's recent subscriber loss, these changes reflect the company's ongoing adjustments in the competitive streaming industry.
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