News

Netflix axes over 100 jobs as streamer deals with performance crisis

Published

2 years ago

May 18, 2022

ticker NEWS

The World’s largest streaming service is taking refuge in new cost cutting measures

Netflix is sacking 150 employees across the company with most of the cuts happening in the United States.

“These changes are primarily driven by business needs rather than individual performance, which makes them especially tough as none of us want to say goodbye to such great colleagues,”
the company said in a statement.

It comes after the company recorded a large fall in subscribers, for the first time in a decade.

The news sparked an investor sell-off, with the firm’s stock plunging 35% in one day.

The layoffs represent only 2 per cent of the company’s total staff.

unfortunately i, too, was affected by the netflix layoffs today. it was a wild ride and i'm really proud of the work that i did, particularly being part of the @netflixgolden launch, and feel v. lucky i got to work with such brilliant people
— Madelyn Chung 鍾舒華✨ (@madelynchung) May 17, 2022

Netflix also plans on introducing ads as a way of building revenue.

It also wants to tackle password sharing privileges to compensate for lower revenues.

News

Cinema recycling films in lieu of fresh content?

Published

2 hours ago

May 3, 2024

ticker NEWS

In an industry constantly looking towards the future, anniversary re-releases offer a welcome opportunity to celebrate the past.

In an era of nostalgia, anniversary re-releases of classic films like “Star Wars Episode 1: The Phantom Menace,” “Spider-Man 2,” and “Shrek 2” are captivating audiences anew.

From the thrill of podracing to the iconic battles between heroes and villains, these films offer a chance to relive cherished moments on the big screen.

Tobey Maguire’s Spider-Man swings back into action, Shrek and his crew return for another hilarious adventure, and the galaxy far, far away beckons once more.

As fans of all ages flock to theaters, these timeless classics remind us why great storytelling endures, bridging generations and captivating audiences with their magic.

News

TikTok’s fate in the United States

Published

12 hours ago

May 3, 2024

ticker NEWS

TikTok’s fate in the United States has never been more in doubt.

Congress approved a bill, which President Joe Biden signed into law that gives its Chinese parent company two options: sell it to an approved buyer or see it banned.

But now, the owners of the popular social media app says they’re preparing to challenge the statute in court.

Andy Keiser a Senior Fellow at the National Security Institute, and a Former Senior Advisor for the House Intelligence Committee joins Veronica Dudo to discuss. #IN AMERICA TODAY #featured #business #socialmedia #TikTok #TikTokban #nationalsecurity

News

The ongoing alcohol related research many ignore

Published

1 day ago

May 2, 2024

Mike Loder

New research shows the impact of alcohol on our gut microbiome.

Alcohol affects gut microbes, potentially leading to gut imbalance and heightened cravings.

Research suggests moderate drinkers have healthier gut microbiomes. While red wine consumption may enhance gut diversity, similar benefits can be found in plant-based and fermented foods. Dysbiosis may worsen addiction, highlighting the need for holistic approaches to treatment.