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Netflix Spent A Record $4.8 Billion On Buybacks Before Laying Off 1,000 Employees
Netflix’s profits are growing, but its latest results show billions going toward share buybacks as thousands lose their jobs.
#Greg Peters
‘Our Business Is Strong And Growing,’ Netflix Tells Employees As It Lays Off 1,000 Of Them
“Our business is strong and growing,” Netflix’s co-CEOs told employees in the same letter they announced that 6% of them would lose their jobs.
Netflix Plans 10% Increase In Content Spend As Q4 Earnings Show Continued Growth
During an earnings update on Tuesday, the company touted growth from ads, memberships, and new formats, while also addressing its Warner Bros. deal.
‘Pro-Consumer, Pro-Innovation, Pro-worker, Pro-Creator’: Netflix CEOs Insist WB Acquisition Will Benefit Everyone
Netflix says acquiring WB will expand development pipelines, open global reach for storytellers, and create talent job opportunities. Now that that’s settled…
Netflix Acquires First Game Company, Expands Gaming To Spain And Italy
Forget binge watching: Netflix wants you binge gaming.