Netflix slashes staff after its share price cratered by 50% in a month

[arista]

[Netflix slashes staff after its share
price cratered by 50% in a month and
it missed subscriber target by 200,000:
Critics including Elon Musk say dull
woke shows are to blame

The streamer made many of the layoffs
at Tudum, a website meant to
market Netflix's programs
The site, named as an onomatopoeia for
the sound you hear when a Netflix show begins,
was meant to allow subscribers insider
access to the company's shows
Netflix refused to tell the
Los Angeles Times how many jobs were cut,
merely saying 'our fan website Tudum
is an important priority for the company'
Some of those laid off took to Twitter,
saying that the company had only
hired them months earlier
There have been several hypotheses
for why the streamer is losing eyeballs,
with many including Tesla CEO Elon Musk
blaming 'the woke mind virus'
Others, however, have suggested that
the real problem is Netflix's habit of canceling
beloved shows before their time, angering fans ]


https://www.dailymail.co.uk/news/article-10765701/Netflix-slashes-staff-share-price-cratered-50-month-missed-subscriber-target.html

[Niamh.]

Netflix is struggling imo because of that massive price increase/lack of good new content and cancelling decent shows without letting them conclude.

[Cherie]

How quickly the tide turns for these companies

The cost of living crises wont be helping either

[bots]

amazon made a loss last quarter too, and its not really started to bite yet

[user104658]

Netflix is struggling imo because of that massive price increase/lack of good new content and cancelling decent shows without letting them conclude.

I agree, at some point they adopted a policy of quantity over quality, which lead to them ending good established shows in order to add "more shows" to the list, splitting the budget for one good show between two mediocre shows (or three crappy shows), and taking literally years at a time to produce new seasons of shows people actually want to sub for.

[bots]

i don't look at them that deeply. I know i can still find things that i enjoy watching, and thats all that matters to me

[Cherie]

i don't look at them that deeply. I know i can still find things that i enjoy watching, and thats all that matters to me

Same

[Mystic Mock]

A mixture of things have harmed Netflix imo.

1. The only quality shows that I've seen them have on there recently are Deadwind, Arcane & Alice In Borderland, and if you're personally not into any of those Shows because you don't like Animation, Cop or Death Game Shows then you're kinda stuck with **** Shows imo.

2. Yes cancelling Shows that people actually like without resolving them is basically the same mistake that the Networks made when they were on top.

[user104658]

2. Yes cancelling Shows that people actually like without resolving them is basically the same mistake that the Networks made when they were on top.

Angel... Firefly D:

THANKFULLY these days it seems most shows get a least a season's notice of ending, and can wrap the show up, even if it's earlier than hoped.

[Beso]

Netflix slashes staff after its share price cratered by 50% in a month

****ing harsh that like.....