Streaming giant Netflix (NFLX) is conducting a fresh round of layoffs, this time letting go 300 employees globally to curb the rising costs, as per a CNBC report. This adds to the 150 employees laid off in May due to the decelerating growth. Shares of NFLX gained 2.2% yesterday on news that the company is in talks with multiple suitors for an ad-partner tie-up. Meanwhile, NFLX stock has lost a staggering 70% of its value year-to-date. The latest round of layoffs relates primarily to employees in the U.S. and Canada, representing 3% of Netflix’s global workforce.
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