Netflix CEO Reed Hastings in Madrid, Spain. The streaming service expects to lose two million more subscribers this quarter, as Netflix faces a more competitive streaming environment. — Getty Images/TNS
LOS ANGELES: Netflix on June 23 laid off 300 employees in the latest round of cuts as the company responds to a revenue slowdown and its first subscriber loss in more than a decade.
The Los Gatos, California-based streaming giant did not say what departments were affected by the cuts.
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