lays

Netflix NFLX 0.64% is laying off about 300 employees globally in its latest round of cuts, as the streaming service tries to control costs. The move follows a previous round of layoffs in May that affected 150 employees. It comes as Netflix is reining in some of its content spending and looking to drum up new revenue with the planned launch of an ad-supported tier of its service. “While we continue to invest significantly…

MasterClass CEO David Rogier.Photo: Cindy Ord (Getty Images)Online educational platform MasterClass announced Thursday that it would lay off 20% of its employees, joining a number of other tech companies that have reduced the size of their teams to try and adapt to worsening economic conditions.On Wednesday, MasterClass CEO David Rogier said on Twitter that he had to make the “really hard decision” to cut back on the company’s staff members in order to “adapt to the worsening macro environment and get to self…

has laid off around 300 people in its latest round of job cuts. Most of the layoffs were in the US, according to , and a number of departments were affected. “Today we sadly let go of around 300 employees,” a Netflix spokesperson told the publication. “While we continue to invest significantly in the business, we made these adjustments so that our costs are growing in line with our slower revenue growth. We are so grateful for everything they have done for Netflix and are working hard to support them through this…

Netflix's revelation that it lost 200,000 subscribers in the first quarter put further pressure on an already beleaguered tech sector, but top tech analyst Mark Mahaney believes the current weakness in the sector presents several opportunities for investors.Aaronp/bauer-griffin | Gc Images | Getty ImagesNetflix is laying off around 300 more employees across the company.The cuts, which represent around 3% of the company's employee base, come about a month after the streaming company eliminated about 150 positions in the…

Here is the fifth in the Despicable Me family animation franchise, all about the east European supervillain called Gru and his bug-eyed little yellow henchcreatures, speaking speeded-up Franco-Italian gobbledegook. In fact, it is the second in the specifically Minions-oriented movie series, but it’s an origin-myth prequel that brings Gru and his followers together – it could as well be called Gru: The Rise of the Minions. There are one or two laughs, largely from characters’ names, and a witty and unexpected reference to…

Image used for representation. (Photo: IANS)The layoffs of those diversity leaders at Tesla come amid Musk making several comments about what he calls "the woke mind virus," which he believes is "destroying civilization"IANS Last Updated:June 22, 2022, 13:58 ISTFOLLOW US ON:Amid CEO Elon Musk’s “woke mind virus” concerns, electric vehicle company Tesla has laid off both the president of its LGBTQ+ community and a lead involved in diversity and inclusivity programmes at the company. While they were let go as part of a…

Cryptocurrency exchange Vauld on Tuesday said it has decided to reduce its headcount by about 30 per cent, as the global crypto market nosedives amid volatile market conditions.Darshan Bathija, Co-founder and CEO of Vauld platform, said that the workforce reduction impacts every team in the organisation "with a bias towards our marketing and talent acquisition teams"."The bias is because we're slowing down efforts associated with those teams. We are working with each person affected and pay them two months of their…

Tesla has laid off both the President of its LGBTQ+ community and a lead involved in diversity and inclusivity programs at the company. While they were let go as part of a broader wave of layoffs, it comes amid several comments Tesla CEO Elon Musk made, concerning what he describes as the “woke mind virus.” Earlier this month, we reported on Musk telling Tesla executives in an email that they need to cut 10% of the workforce and pause hiring due to having a “super bad feeling” about the economy. Later, the CEO…

Elon Musk, here seen at an event in New York in early-May, is being aggressively courted to produce his electric vehicles "end to end" in resource-rich Indonesia.Angela Weiss | AFP | Getty ImagesPresident Joko Widodo denied that Indonesia has turned protectionist during his tenure, saying the gates remain open to all players — including Tesla — who want to use the country's plentiful natural resources, if they set up plants that can add value to the local economy.Widodo, or Jokowi as he is popularly known at home, said…

Hong Kong: China-based ByteDance has shut down a game development studio, laying off more than 100 employees, media reports said.ByteDance, TikTok's parent company, shut down the '101 Studio' in Shanghai it had acquired three years ago."TikTok owner ByteDance is disbanding one of its main game studios due to its disappointing performance," Nikkei Asia reported.The gaming studio had around 300 employees and according to the report, some of them have been transferred to other verticals within ByteDance.ByteDance's 2019…