Netflix has laid off roughly 15 employees in its marketing division, according to a source close to the streaming giant. The exits confirmed Tuesday are part of longer-term structural tweaks in the…
has laid off roughly 15 employees in its marketing division, according to a source close to the streaming giant.
In addition to rivals Amazon and Hulu, Disney+ and Apple TV+ services have launched, with AT&T’s HBO Max and Comcast’s Peacock still to come.The latest news comes after Netflix reported fourth-quarter earnings last week that blew past estimates with revenue at $5.47 billion and earnings per share of $1.30. It said it added 8.76 million global paid subscribers during the quarter, bringing its total to 167.1 million, a number that beat expectations overall but was still soft on U.S. additions.
Netflix had seen subdued growth in domestic subscribers versus international even before the glut of new entrants.
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