It’s been a tumultuous month for Netflix; Shares of the streaming service plunged more than 26% during premarket trading on April 20 after the company reported a loss of 200,000 subscribers during the first quarter, the first time its paying users fell. in more than a decade. And it looks like things will continue to get worse before they get better, according to the hollywood reporterNetflix has begun laying off staff at Tudum, its fansite that the company’s marketing division launched last year.
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A person with inside knowledge of the situation told him THR that at least 10 full-time employees and contractors of Tudum, an onomatopoeic homage to the sound that plays along with the Netflix logo when a user opens the app, were fired on Thursday. At this time, it’s unclear if there will be any more layoffs, but a Netflix spokesperson said THR that the site remains “an important priority for the company”.
Netflix initially launched Tudum in December of last year to create consumer-oriented content focused on Netflix series and movies such as Bridgerton, stranger things, love is blind Y sunset saleand hired numerous entertainment journalists and writers to fuel its publishing growth. Earlier this week, Netflix insiders reported THR that hiring had also slowed down at the company.
Needless to say, those who were laid off weren’t happy about it, with some taking to Twitter in search of jobs and a paycheck to cover rent and other necessities.
I just got fired from Netflix/Tudum, starting today. Email me with opportunities at [email protected] so I can pay my rent and help my parents survive!
They also fired a bunch of my amazing colleagues. You would be incredibly lucky to work with any of them.— Queen Sultan (she/her) (@SultanReina) April 28, 2022
Others brought up the fact that the transmitter sought them out only seven months ago.
Netflix recruited me seven months ago just to fire me and a bunch of other talented people today. I’m going to be taking some time off to just exist, so please reach out if you have open content strategy and editing opportunities after August. [email protected]
— Evette Dionne (@freeblackgirl) April 28, 2022
The tweets also drew strong reactions from people not directly affected by the firings.
This is a farce. I am very sorry that an employer treated you so cruelly. You deserve better. Things that are much better ARE coming your way, I know.
— Hannah Bae | 배한나 (she/her/her) (@hanbae) April 28, 2022
Whether the streaming giant will initiate another round of layoffs or delve into other ways to cut costs remains to be seen. The company has already raised subscription prices, announced its intention to end password sharing, and will introduce advertising on its platform.
Related: ‘Cussing us for every dollar spent’: Netflix is cracking down on password sharing with new fees and customers don’t have them
The company was up 0.49% at 10:15 today.
Reference-www.entrepreneur.com