3 ms·

I did not see any details here on what part of the organization the laid off employees were working in. Netflix has over 10000 employees, so these roughly 1.5%

by anyfoo 4y ago

I did not see any details here on what part of the organization the laid off employees were working in. Netflix has over 10000 employees, so these roughly 1.5% feel pretty specific to me, and I'm curious where exactly Netflix has decided to make these cuts. Does anyone know?

kbelder 4y ago
"Dozens from it's Tudum fansite", which I have never heard of. https://www.theverge.com/2022/5/17/23103131/netflix-layoffs-tudum-streaming-subscriber-loss-email https://www.theverge.com/2022/5/17/23103131/netflix-layoffs-...
- guerrilla 4y ago
  That's because you don't speak Portuguese or live in Brazil :)
  - arroz 4y ago
    Q q tem a ver?
- filmgirlcw 4y ago
  It should also be noted that the CMO who originally greenlit this "publication" (that no one else in the company really understood or seemed aware of) left the company in March. So I look at this sort of layoff as not strictly indicative of the broader Netflix concerns (which are real and valid), but just as much about the executive sponsor of a project going away, and thus the project being dropped. Unfortunately, I think we will see actual Netflix layoffs in the future, especially as they have to to deal with loss of subscribers, lower investor confidence, and the fact that Wall Street is finally making them answer for those bloated content budgets, but I don't look at this very small, and seemingly largely focused group of layoffs as a canary in the coal mine as much as some of the trade publications (that frankly, should know better), are trying to frame this.
  - mikkergp 4y ago
    Business seems hard. They've gone from a company that was fiscally irresponsible but beloved by customers to one that is MBA led and customer hostile. Curious if this strategy will work (in the long run, doesn't seem so great in the short run)
    - teej 4y ago
      "Netflix sunsets an online publication about Netflix shows that no one has ever heard of or read" is not the MBA-led apocalypse you make it out to be.
      - deleted 4y ago
        [deleted]
    - IMTDb 4y ago
      Netflix was beloved by customers because they were fiscally irresponsible. Users were getting more for their money than what they paid. Similarly, Uber was absolutely loved by customers when trips were only costing a fraction of what Uber paid for them, aka: VC were effectively paying for a portion of your trip. Of course that was unsustainable on the long term, and two thing happen: quality will decrease and price will increase until the company can reach profitability which is necessary, at some point, to keep operating. For both Uber and Netflix, this is associated with less customer love since value-per-dollar decreases. But there is no question that the strategy has to be tried, because the previous strategy was - in fact - not working.
      - mjr00 4y ago
        > Similarly, Uber was absolutely loved by customers when trips were only costing a fraction of what Uber paid for them, aka: VC were effectively paying for a portion of your trip. As a regular though infrequent user of Uber, in the last place in North America where Uber was legalized (Vancouver CA), the lower prices were probably 10% of why people liked Uber. 90% of it was that it was simply light years ahead of the competing experience of: calling a cab, waiting for them to show, except they don't show, so you walk around downtown at 2am trying to find a cab with a light on... Yeah, surge pricing sucks and the prices have gone up and all that, but even if Uber were more expensive than cabs -- and it very well may be at this point -- I'm still more than willing to pay extra just to be able to order a ride home from my app, and actually see that it's coming and not ghosting me.
- metaphor 4y ago
  Worth noting that a correction was buried at the end of the article: > Correction May 17th, 6:40PM ET: The Tudum workers who lost their jobs were contractors, not Netflix employees, as this story originally stated.
dominotw 4y ago
I saw some post from netflix recruiters on my linkedin about being laid off.
gaws 4y ago
> I did not see any details here on what part of the organization the laid off employees were working in. Most likely a non-essential team.
- mdoms 4y ago
  Obviously.

by anyfoo 4y ago

kbelder 4y ago

"Dozens from it's Tudum fansite", which I have never heard of. https://www.theverge.com/2022/5/17/23103131/netflix-layoffs-tudum-streaming-subscriber-loss-email https://www.theverge.com/2022/5/17/23103131/netflix-layoffs-...

guerrilla 4y ago
That's because you don't speak Portuguese or live in Brazil :)
- arroz 4y ago
  Q q tem a ver?
filmgirlcw 4y ago
It should also be noted that the CMO who originally greenlit this "publication" (that no one else in the company really understood or seemed aware of) left the company in March. So I look at this sort of layoff as not strictly indicative of the broader Netflix concerns (which are real and valid), but just as much about the executive sponsor of a project going away, and thus the project being dropped. Unfortunately, I think we will see actual Netflix layoffs in the future, especially as they have to to deal with loss of subscribers, lower investor confidence, and the fact that Wall Street is finally making them answer for those bloated content budgets, but I don't look at this very small, and seemingly largely focused group of layoffs as a canary in the coal mine as much as some of the trade publications (that frankly, should know better), are trying to frame this.
- mikkergp 4y ago
  Business seems hard. They've gone from a company that was fiscally irresponsible but beloved by customers to one that is MBA led and customer hostile. Curious if this strategy will work (in the long run, doesn't seem so great in the short run)
  - teej 4y ago
    "Netflix sunsets an online publication about Netflix shows that no one has ever heard of or read" is not the MBA-led apocalypse you make it out to be.
    - deleted 4y ago
      [deleted]
  - IMTDb 4y ago
    Netflix was beloved by customers because they were fiscally irresponsible. Users were getting more for their money than what they paid. Similarly, Uber was absolutely loved by customers when trips were only costing a fraction of what Uber paid for them, aka: VC were effectively paying for a portion of your trip. Of course that was unsustainable on the long term, and two thing happen: quality will decrease and price will increase until the company can reach profitability which is necessary, at some point, to keep operating. For both Uber and Netflix, this is associated with less customer love since value-per-dollar decreases. But there is no question that the strategy has to be tried, because the previous strategy was - in fact - not working.
    - mjr00 4y ago
      > Similarly, Uber was absolutely loved by customers when trips were only costing a fraction of what Uber paid for them, aka: VC were effectively paying for a portion of your trip. As a regular though infrequent user of Uber, in the last place in North America where Uber was legalized (Vancouver CA), the lower prices were probably 10% of why people liked Uber. 90% of it was that it was simply light years ahead of the competing experience of: calling a cab, waiting for them to show, except they don't show, so you walk around downtown at 2am trying to find a cab with a light on... Yeah, surge pricing sucks and the prices have gone up and all that, but even if Uber were more expensive than cabs -- and it very well may be at this point -- I'm still more than willing to pay extra just to be able to order a ride home from my app, and actually see that it's coming and not ghosting me.
metaphor 4y ago
Worth noting that a correction was buried at the end of the article: > Correction May 17th, 6:40PM ET: The Tudum workers who lost their jobs were contractors, not Netflix employees, as this story originally stated.

dominotw 4y ago

I saw some post from netflix recruiters on my linkedin about being laid off.

gaws 4y ago

> I did not see any details here on what part of the organization the laid off employees were working in. Most likely a non-essential team.

mdoms 4y ago
Obviously.