Netflix lays off 300 employees in 2nd round, more dismissal likely

After laying off several employees recently, popular video streaming platform Netflix has once again shown the exit door to an additional 300 employees in the second round of layoffs.

According to Variety, the cuts are across multiple business functions in the company, with the bulk of the jobs lost in the US.

These new layoffs hit just a few weeks after the streaming giant — which has a global workforce of roughly 11,000 staffers — made an initial round of reductions of similar size in May.

At that time, Netflix laid off 150 employees, and dozens of contractors and part-time workers.

Several top-notch creative professionals from its original series vertical, such as Sebastian Gibbs and Negin Salmasi, were asked to go.