In a statement published by several media outlets, the company said that “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.
“We’re working hard to support them through this very difficult transition”.
As previously reported by Broadband TV News, Netflix lost 200,000 customers in the first quarter and has forecast a further 2 million losses in Q2.
Q1 was the first time in 10 years that it had actually reported a loss.
The company’s future plans now include the introduction of a cheaper, ad-supported tier.
Broadband TV News notes that Netflix’s workforce has increased significantly in recent years. As of last year the total stood at 11,300 globally, or just over 20% more than a year earlier.