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Five workers, whose Twitter credentials fit the authors’ names on Tudum’s website, tweeted about the loss of their jobs on Thursday, among posts by other fired writers and editors that CNET may simply not definitively confirm. The cuts seem minor compared to Netflix’s entire duration and limited to Operation Tudum. Overall, Netflix had 11,300 employees at the end of last year.
Netflix unveiled Tudum in December as the “official site of other important people” for its streaming service. Stylized as a resource for Netflix viewing, movie news, and fan-focused articles delving into Netflix programming, it was introduced through former Netflix marketing director Bozoma Saint John. , who left the company in March.
Until last week, Netflix’s years of relentless expansion have led nearly each and every major Hollywood media company to inject billions of dollars into their own streaming operations. HBO Max, Peacock and Paramount Plus, among others. The complicated turn to streaming has profound implications for Hollywood’s long-term, but for others like you, it complicates how much they have to use, and pay, to watch their favorite screens and videos online.
Netflix said last week that its subscriber base fell through 200,000 accounts in the first 3 months of this year. This is the first overall decline in the company’s club in 10 years, dating back to a time when mailed DVDs were still a significant component of Netflix. business. While the drop was basically due to the fact that Netflix lost 700,000 subscribers by pulling out of Russia after the invasion of Ukraine, Netflix warned that it expects to lose 2 million more by the end of June.