Netflix (NASDAQ:NFLX) (BVMF:NFLX34) is cutting costs, according to a Wall Street Journal article published on Wednesday (07), due to the platform’s subscriber decline.
Netflix lost approximately one million subscribers in the June quarter and the company laid off over 400 employees this year in 2022.
The Wall Street Journal reported that its sources said Netflix is looking at things like reducing its real estate footprint, curbing corporate earnings, limiting cloud computing costs and hiring more junior employees.
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