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canopic jug [soylentnews.org] writes:

The DRM site, Netflix is laying off many employees due to a downturn in revenue. The layoffs will be mostly in the US and account for about 2% of the employees. They are also being sued by investors over excessively optimistic subscription levels. They are also expected to start pushing advertisements into their streams soon, using the suspicious label "ad-tolerant" to describe the target market for ad-burdened streams. The advertisements are likely to arrive towards the end of this year. The official statement blames "password sharing" rather than a dearth of interesting content for the downturn combined with rapidly rising prices.

• Netflix Staffers Voice Frustrations and Fears of Cutbacks Ahead [hollywoodreporter.com]
• Netflix’s Big Wake-Up Call: The Power Clash Behind the Crash [hollywoodreporter.com]
• Roku devices are getting an Apple Music app [theverge.com]
• Netflix Hit With Shareholder Lawsuit After Disclosing Subscriber Loss [hollywoodreporter.com]
• Netflix May Launch Cheaper Ad-Supported Plan in Q4 2022 [variety.com]
• Netflix Considers An Ad-Tier Option At A Lower Price As A Future Plan [ibtimes.com]
• Netflix Tells Employees Ads May Come by the End of 2022 [nytimes.com]
• Netflix with ads reportedly could come by the end of the year [cnn.com]
• Netflix is exploring lower-priced, ad-supported plans after years of resisting [cnbc.com]
• Why a Password-Sharing Crackdown Won’t Help Netflix Much [variety.com]
• Streaming TV’s Next Battlefront: Free Services Seize Their Moment [hollywoodreporter.com]
• Netflix Tells Employees to “Spend Our Members’ Money Wisely” in New Memo [hollywoodreporter.com]
• Netflix is reportedly looking into livestreaming [theverge.com]
• Netflix lays off 150 employees amid subscriber decline [npr.org]
• Netflix Lays Off Estimated 150 Staffers in New Round of Layoffs [hollywoodreporter.com]
• Netflix is laying off 150 employees and cutting dozens from its Tudum fansite [theverge.com]
• Netflix Lays Off About 150 Employees, 2% of U.S. Workforce, Amid Revenue Slowdown [variety.com]

Netflix has already raised its prices recently while at the same time more rival services have begun adding live streams further cutting into Netflix's market share. Netflix is also known for its legacy of encumbering web browsers, and the operating systems the run in, with DRM.

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