(FOX BUSINESS) – Netflix is cutting roughly 300 additional jobs, or approximately 3% of its workforce, as the streaming behemoth is contending with a slowdown in its revenue growth.
“While we continue to invest significantly in the business, we made these adjustments so that our costs are growing in line with our slower revenue growth,” a Netflix spokesperson told FOX Business in a statement.
“We are so grateful for everything they have done for Netflix and are working hard to support them through this difficult transition.”
