Spencer neumann - Latest News Update, Information, Photos & Videos on Spencer neumann at Lokmat Times

San Francisco, April 29 After posting disastrous results for its March quarter, streaming giant Netflix has reportedly laid off several experienced journalists and writers working for its entertainment site Tudum which it launched only in December last year.The layoffs come just days after Netflix's earnings report for the first quarter (Q1) where it lost subscribers for the first time in over a decade.Netflix CFO Spencer Neumann had said that the company would cut some of its spending to get costs under control.A Netflix spokesperson told Protocol late on Thursday that there were no plans to shut down the site, calling it "an important priority for the company".Netflix had hired experienced entertainment journalists from publications including Vice, Bustle and others.According to reports, most of the Tudum culture and trends team was fired.The staff was reportedly "given no prior warning of the layoffs, and other workers found out their colleagues were laid off via Twitter".Tudum is part of Netflix's marketing division and includes people working on entertainment, news, lifestyle, and culture content.The new website shared its name with what the company billed as a "global fan event" that took place in September last yearNetflix saw its stock tumbling by 20 per cent after it reported a loss of 2 lakh paid subscribers in the first quarter of 2022 its first subscriber loss in over a decade.Moreover, Netflix forecasts a global paid subscriber loss of 20 lakh for the second quarter (Q2) of 2022.The decline has brought Netflix's subscriber base to 221.6 million, down from 221.8 million in the previous quarter.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Pahalgam Terror Attack

Tahawwur Rana

IPL 2025

CM Devendra Fadnavis

Mumbai Local

Weather Update

Spencer NeumannFOLLOW

Spencer neumann, Latest News

Technology :Netflix lays off seasoned journalists after abysmal Q1 results

San Francisco, April 29 After posting disastrous results for its March quarter, streaming giant Netflix has reportedly laid ... ...