Tag: quarter

Netflix likely to lose 200,000 subscribers in next quarter
Showbiz

Netflix likely to lose 200,000 subscribers in next quarter

The famous streaming website is currently facing a lot of problems due to inflation and policies. Their value is 70 percent down and they are losing subscriber in big numbers. Netflix is no more chilling post-pandemic. Since 2022 started things are quite difficult for Netflix. It was a prediction that they would lose around 200,000 subscriber and will cost Netflix about $54 billion. Now they are expecting another 200,000 in next quarter. Recently they lay off around 300 employees from office. In which a total of 150 recruitment workers were fired, as well as another 70 animators, and 70 contractors working on promotional materials. Netflix came in 2014 and since then it is the favorite platform for content streamers. Youngsters, as well as adults, love to spend their weekends watc...