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Phoenix666 [soylentnews.org] writes:

BBC [bbc.com]:

Netflix has laid off about 150 staff, just a month after the entertainment giant said it was losing subscribers for the first time in a decade.

The redundancies, announced by the streaming service on Tuesday, will mainly affect its US office in California. They account for about 2% of its North American workforce.

Netflix said the job losses were due to the slump in the company's revenue.

The streaming service is battling an exodus of viewers this year.

Is Netflix losing subscribers to increased competition in streaming, to customers cutting costs in hard economic times, or to customer saturation and/or discontent with Netflix's library?

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