Netflix axes over 100 jobs as streamer deals with performance crisis

Published

4 years ago

May 18, 2022

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.

Notorious cartel leader El Mencho killed amid retaliatory violence

El Mencho, Mexico’s wanted cartel leader, killed in Jalisco; violence erupts nationwide, authorities on high alert.

Published

12 hours ago

February 24, 2026

Harvey Vargas

El Mencho, Mexico’s wanted cartel leader, killed in Jalisco; violence erupts nationwide, authorities on high alert.

Notorious cartel leader El Mencho has fallen during a high-risk military raid in Jalisco after a tip-off from a romantic partner led authorities to his hideout.

Mexican forces carried out the operation independently, with U.S. intelligence providing support in tracking his location. His death marks a critical blow to one of Mexico’s most powerful criminal networks.

Retaliatory violence has erupted across the region, causing roadblocks and casualties. Authorities remain on high alert to restore peace and prevent further chaos.

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News

Peter Mandelson arrested in London over alleged Epstein links

Former UK ambassador Peter Mandelson arrested in London linked to Epstein and alleged misconduct, denies any wrongdoing.

Published

12 hours ago

February 24, 2026

Harvey Vargas

Former UK ambassador Peter Mandelson arrested in London linked to Epstein and alleged misconduct, denies any wrongdoing.

London’s Metropolitan Police have arrested Peter Mandelson, Britain’s former ambassador to the United States, as part of an investigation into his alleged connections with Jeffrey Epstein. The arrest has triggered major political shockwaves across Westminster and beyond.

Lord Mandelson was detained on suspicion of misconduct in public office, with investigators examining claims he may have leaked market-sensitive information to Epstein during his time as a government minister. Authorities also executed search warrants at properties in Wiltshire and Camden as the probe widened.

Mandelson, who was dismissed by Prime Minister Keir Starmer and resigned from the House of Lords in February while retaining his title, has denied any wrongdoing as legal scrutiny intensifies.

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News

Man shot dead after breaching security at Mar a Lago

Man in 20s dies after breaching Mar-a-Lago, armed; Secret Service opened fire, citing no immediate danger inside.

Published

1 day ago

February 23, 2026

Harvey Vargas

Man in 20s dies after breaching Mar-a-Lago, armed; Secret Service opened fire, citing no immediate danger inside.

A man in his early 20s has been shot and killed after breaching the secure perimeter at President Trump’s Mar a Lago residence in Florida, according to the Secret Service. Officials say the president and first lady Melania Trump were in Washington DC at the time of the incident.

Authorities report the man was armed with a shotgun and a petrol canister when he approached the north gate. He was confronted by a sheriff’s deputy and two Secret Service agents who ordered him to drop the items before the situation rapidly escalated.

After putting down the petrol can, the man allegedly pointed the shotgun at officers, who then opened fire. Law enforcement says there was no immediate danger to anyone inside the property.

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