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Netflix dismisses content chief and cuts 1,000 jobs

The Motley Fool +1 ·

NFLX Netflix Inc
$65.85 -1.79%
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  1. 1Netflix has dismissed its content chief and other senior executives and reduced 1,000 jobs.
  2. 2A 4% decrease in viewing time per Netflix subscriber compared to one year ago was observed.
  3. 3A 20% decrease in viewership of Netflix's top 100 original content titles occurred.

So what's the key point?

Netflix has let go of its content chief and reduced its workforce by one thousand employees. The company reduced staff as the time people spend watching videos decreased.

Source The Motley Fool +1 · View original ↗

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