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Tech

Netflix laying off 150 employees amid low revenue and subscriber loss

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Netflix is set to implement new cost cutting measures citing the low revenue growth

The largest streaming platform is laying off 150 staffers across the company with most of the cuts focused on the US office.

The layoff represents nearly 2% of the company’s total workforce of 11,000 employees.

One of Netflix’s representatives, while talking about the layoff, told CNBC

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.

This comes less than a month after the company recorded a fall in the number of subscribers.

Netflix shares have gone down significantly since January and the forecast shows further subscriber loss in the next quarter.

The company likely plans to introduce ads to the service or any one of its tiers after being ad free for years.

There might also be actions to prevent password sharing or charging users for doing so.

Shreya Vats contributed to this report

 

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Tech

Amazon’s smart glasses aim to revolutionise deliveries

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Despite these obstacles, Amazon is determined to continue developing the glasses, with future versions planned for release by 2026.

 

 

 

Amazon is working on a cutting-edge innovation for its delivery drivers: smart eyeglasses. These high-tech glasses could help drivers navigate buildings more efficiently, saving valuable seconds on each delivery. The glasses are expected to feature turn-by-turn directions displayed on a small screen within the lenses, guiding drivers through the tricky “last 100 yards” to customers’ doors.

 

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Organisations grapple with tech policy ownership shifts between HR and IT

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How collaborative policy drafting can bridge the gap between HR and IT.

The Tech Edge is a captivating business IT talk show delving into the latest industry trends and their significance in today’s landscape.

Hosted by Director of Information Management of AvePointAlyssa Blackburn.

In this episode, Alyssa is joined by policy drafting expert, Lewis Eisen.  #tech edge

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Shows

Assistive technology empowers independence in students

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A vision-impaired student’s journey to success with supportive tools and inclusive learning

The Tech Edge is a captivating business IT talk show delving into the latest industry trends and their significance in today’s landscape.

Hosted by Director of Information Management of AvePointAlyssa Blackburn.

In this episode, Alyssa is joined by student Hamish Blackburn, to discuss the powers of assistive technology. #tech edge

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