Netflix Said to Cut Jobs After Subscriber Loss, Growth Curb
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Netflix Inc., the mail-order and online video service, eliminated more than 15 jobs after losing 800,000 U.S. subscribers in the third quarter, according to two people with knowledge of the decision.
The cuts, which began before earnings were announced on Oct. 24, are mostly in human resources, where Netflix had hired in anticipation of faster growth and the creation of separate companies for its mail-order and streaming businesses, said the people, who weren’t authorized to speak publicly.