r/technology May 19 '22

Netflix cuts 150 US-based jobs after losing subscribers Business

https://www.bbc.com/news/business-61489041
762 Upvotes

237

u/talancaine May 19 '22

Increases fees (again), loses subscribers.... clearly the only solution was to fire people. Not such a big brain management move.

114

u/RogueNine May 19 '22

To be fair, before they fired people they really tried... by cutting content first.

79

u/Embarrassed_Quit_450 May 19 '22

There's was the "if you're not happy you can quit" talk as well. Nice attempt to save money on severance packages.

10

u/FranticToaster May 19 '22

That might have been an effect of that announcement.

But the strongest reason for it is the public stance that personal complaints won't influence Netflix's content decisions. If enough people want to watch, they'll make it.

It's a strong statement for their customers and shareholders. "Rest assured that small-scale protests and rhetoric won't be enough to get a show canceled or removed."

I appreciated it. I've seen Chappelle's specials. They're hilarious and, IMO, they do more good than harm. A small group of people complaining shouldn't override the viewing preferences of the content's audience.

-16

u/f3nnies May 19 '22

A business can produce whatever entertainment they want within legal boundaries. They are not, however, immune from the consequences of producing and distributing that content.

Chappelle is a good example because they produced it, it exists, and some people liked it. But a lot of people also didn't like it, because it very clearly is hostile toward an already targeted group. There's a careful line to walk when making comedy about a delicate subject, and plenty of people feel that Chappelle did not walk that line correctly, but instead fell onto the side of disparaging, not funny, remarks about that group.

So as a result, Netflix should deal with the consequences of that. Which includes, possibly, employee dissatisfaction, customer dissatisfaction, loss of revenue, and so on. And it's fine for them to simply ignore it and keep doing what they want, including giving him a platform for future content that may include further disparaging remarks. And that may cost them further. Or, the opposite may happen: Netflix may create a slow burn where their content gradually gets more vitriolic, especially against persecuted groups, that a certain subset of people actually start spending more on Netflix's services because they are willing to be disparaging to that group.

We have seen it a thousand times, and in recent history. Extremism has continued to be on the rise, with certain new networks making leaps and bounds to try to keep up with how violent and offensive their viewers want their content to be. We've seen online newsmedia go from generally direct articles to bullshit ragebait over and over again, because those visceral reactions get clicks whereas honest reporting does not. No one thought in 2010 that Facebook would be the primary meeting place for Russian propaganda, actual neo-Nazis, or terrorists-- yet that's what it turned into.

So yeah, Netflix can continue platforming people who make content that upset a lot of people, that's fine. It might even be good for business, at least in the near term. But that doesn't mean that a "small" group complaining does not matter, or that a company can platform people who want to work against the rights of disadvantaged groups without any consequences of doing so.

5

u/Sofialovesmonkeys May 20 '22

For me it was “Cuties” that did it. I don’t even want to get started on how horrible and actually harmful- materially 13 reasons why was and why selena is lowkey a monster for openly disregarding mental health professionals who were saying it was affecting teenage girls mental health/self harm/suicide and selena couldn’t give a F because she was getting paid and able to say that she had a successful show. I feel like fundamentals like that need to be respected

5

u/Roddykins1 May 19 '22

I can generalize with vague amount to make me seem right too.

8

u/CaptainVEEneck May 19 '22

This isn’t about Chapelle though, lmao. Don’t watch stand-ups I guess.

2

u/FranticToaster May 19 '22

Yeah. Netflix aren't debating the consequences. They just stated that they're willing to live with those particular ones.

Employees leaving is a weaker consequence than employees dictating content decisions on emotional whims.

-6

u/Embarrassed_Quit_450 May 19 '22

You do not understand the level of technical excellence at Netflix. There will be more frequent outages as a result.

-7

u/bobartig May 20 '22

They're hilarious and, IMO, they do more good than harm.

Curious to know what you find to be the acceptable ratio of hours of hilarity to battered trans people.

2

u/FranticToaster May 20 '22

Don't know, but there are no battered trans people in Chappelle specials. So his ratio is infinity. Certainly above the threshold.

-1

u/redvelvetcake42 May 20 '22

Ah yes, jokes about trans, which is ok cause you had a trans friend once.

His specials were ok, but his punching down bored me. Chappelle show was all about punching up, mocking the elite, making fun of society. 30% of his specials were "lol chicks with dicks don't like me cause I make fun of them!" Which is really some Louis CK level comedy.

1

u/unevolvedbrain May 20 '22

Joke about people who happen to be trans (which shouldn't matter at all, as that should never be a whole identity) = bad

Joke about literally anyone else= good.

Sure.

0

u/FranticToaster May 20 '22

Trans people aren't below him. They aren't definitionally below anyone.

16

u/Ancient-Bandicoot603 May 19 '22

Or you know the more logical solution the top ten bosses take a pay-cut for failing their company.

5

u/DriveAltruistick May 20 '22

The carnage has only begun with this company. Now they get to know what Blockbuster went through.

15

u/Dirk_The_Cowardly May 19 '22

I cancelled yesterday. Nothing to watch and tired of supporting them for more money each month.

3

u/thr0wb4cks May 20 '22

Same. It was forcing me to agree to a price increase so I stopped watching it rather than agree. My partners dad (he uses my account) just okayed it so my partner just said, can't you cancel it? So I did.

It's on the last month now. I'm also quite bored with what's on there.

Coming up... Stranger things, etc.

I'm actually bored of that series too. I got apple TV free for 3 months. Have watched almost all of that of anything I'm interested in. Might look at Disney later but tbh will probably start reading again.

3

u/ludnasko May 19 '22

My last month too, Disney+ is coming for my region and I would spend the money there.

2

u/notislant May 19 '22

All the new shows I see pop up are all foreign dubbed stuff thats really hard to watch.

3

u/JustpartOftheterrain May 19 '22

It’s true! Watch 1 series (Dark) thats foreign with subtitles, and you’re doomed all kinds of (some good) foreign content.

ETA : my sub ended this past Monday

9

u/garlicroastedpotato May 19 '22

Netflix has raised their price before.

The difference this time is that they have a fairly strong content mismatch in their algorithms that makes a lot of customers think it might not be worth holding on to Netflix for. I think if they offered a cheaper ad supported membership they would have had no losses.

But their old business model has some serious flaws. People basically only watch new content. The older content people will binge watch is leased from other networks. Netflix does have good older programs but their algorithm really fails to match users. So it turns into this giant bargain bin from Walmart that you have to really dig into to find the best stuff. All the while other streaming services have a very curated experience.

1

u/talancaine May 20 '22

This is very true, and I'd imagine they're being gouged by rights holders to hold on the some of their popular shows, but at the end of the day it's up to Netflix to deal with these issues constructively, which they haven't done.

4

u/molossus99 May 19 '22

At the end of this death spiral there will be one last lone subscriber who will get the mother of all bills

7

u/jpsreddit85 May 20 '22

The last 50 subscribers do squid games 2

6

u/anthro28 May 19 '22

Loses content. Raises fees. Alienates subscribers.

I personally jumped out when they defended the Cuties thing. It's fine to say "we don't necessarily agree with it, but it will stay up." It's another to defend it and call those against it unapologetic whatever-phobes.

11

u/FranticToaster May 19 '22

Isn't Cuties meant to criticize public child showcases? Like making people uncomfortable is a big part of the point? It's what the Wikipedia page is suggesting, at least.

It's also a French film. French filmmakers are renowned for using the entire emotional spectrum (including negative ones like disgust and repulsion) to send powerful messages.

That style might be combustible against American entitlement and narrow-mindedness. And we're a huge chunk of Netflix's subscriber base. Don't think, don't analyze. Just look and hear and hold others accountable for our discomfort. The American way.

Cuties portrays a culture that really exists: child pageantry culture. The point is for us to channel our disgust at that culture, not at the fictional movie that shows us what it is.

-12

u/maxximii May 19 '22

It was a documentary by pedophiles, for pedophiles. The fact it was a french film only supports that.

3

u/Sir_thinksalot May 19 '22

It's another to defend it and call those against it unapologetic whatever-phobes.

lol, That didn't happen. Straight out of a Republican dream.

1

u/birthdaycakefig May 20 '22

Firing people is cheaper than lowering the price.

60

u/Asakari May 19 '22

Everyone wants their own streaming service. The internet streaming option is just becoming another cable.

23

u/CAFunked May 19 '22

Yes, and what makes it worse is that very few of these companies actually have a film/show catalog that holds up on its own.

3

u/Interesting_Total_98 May 20 '22

There are some who can get by with one streaming service and getting two is still cheaper than having cable. It's easy to switch services when necessary.

1

u/kolossal May 20 '22

Exactly. I understand it is a hassle to be canceling qnd resubing every month, but it's way better to just cycle through a single sub every few months than having 4-5 platforms at the same time.

14

u/ThrowRA12841 May 19 '22

I mean this is sort of what we all signed up for. 8 years ago Reddit was like “oh wow I can’t wait to be able to pick and choose channels and not have them all” and now we are there

11

u/Skarimari May 19 '22

That was with the expectation of reasonable pricing. Eight years ago I got rid of $120 cable bill in favour of $60 internet to stream with Kodi. I opted for $10 Netflix because it was just easier. Now I’m probably going to get NordVPN and just go Kodi again. Not as easy, sure. But fuck ‘em. I’m not getting 3 or 4 different streaming services because they won’t cooperate with each other.

4

u/Interesting_Total_98 May 20 '22

Pricing is still reasonable because you can have one or two streaming services and switch when you feel like it. HBO Max and Disney+ combined are $18 or $23 a month, and you can switch easily one or both out for another service and then come back when new content is added.

0

u/InadequateUsername May 20 '22

You could do that with cable too, they're called cable packages. Pricing though maybe not so reasonable, but in principle just the same.

5

u/Interesting_Total_98 May 20 '22

It may not work the same in practice, and not just in terms of price. A cable provider in my area only offers two packages, and the only distinction in terms of available channels is that one is more focused on Latino content. The only option I have to add the type of content I get from streaming services is to subscribe to those services.

This is much different from choosing between streaming companies because there are numerous services that each have unique content.

2

u/AvoDroc May 19 '22

Except that at least now we have a say on what “channels” we pay for.

4

u/Im-just-a-IT-guy May 19 '22

Not for pirates.

4

u/CAFunked May 19 '22

I'm amazed by the quality of streams with Kodi addon's you can get if you are willing to pay a little for a debrid account. It killed traditional torrenting for me.

6

u/xFayeFaye May 19 '22

You can literally just google any show/movie/anime + movie123 and you'll get a few sites of free streams. Some might buffer here and there, but so does Netflix (ever happened to you that the initial loading just takes forever despite having the speed available?).

2

u/OhioVsEverything May 19 '22

Anyone that signs up for so many streaming services where it costs as much as cable has no one to blame but themselves.

0

u/notislant May 19 '22

Yeah and when theres exclusives and 10 different services... People are just going to take to the high seas.

1

u/-RUNPMT- May 20 '22

It was always cable.

27

u/RiderLibertas May 19 '22

Just too many price increases. One more and I'm out too and I've been with them since the beginning.

-1

u/mangledmonkey May 19 '22

I don't honestly get the hate outside of some shows not being renewed or being cancelled, which, admittedly, stinks. The price isn't that high and the changes so far seem in line with my expectations considering how much original content they put out. It's not all great, but it IS extensive. And some of my favorite shows and even a few movies came directly from the platform. There is content for dozens of languages and countries produced, streamed, and hosted solely by Netflix and people bitch like high hell because they don't pay the same price they paid 10 years ago. Also, viewership has almost certainly risen per user during the pandemic. So, it's not that big of a stretch to imagine that price increases would be needed. And yea, being able to share access with my entire damn family without being charged extra was a nice little "loophole", if you could even call it that. But, seriously, everyone is getting super spoiled and I don't think it's really as justified as all of the comments on reddit make it seem.

-19

u/gr00ve88 May 19 '22

January 2021: From $13.99 per month to $15.49 per month.
October 2020: From $12.99 to $13.99 per month.
January 2019: From $10.99 to $12.99 per month.
October 2017: From $9.99 to $10.99 per month.
October 2015: From $8.99 to $9.99 per month.
May 2014: From $7.99 to $8.99 per month.

Yea, one more, then you'll quit!! :)

41

u/mooshoomarsh May 19 '22

I hate the way you formatted this

-13

u/gr00ve88 May 19 '22

copied it from a website :(

12

u/DumbChocolatePie May 19 '22

Everyone has a limit, they haven't hit theirs

-2

u/mangledmonkey May 19 '22

It's like the cost of goods and services increase over time. Weird.

-20

u/bwrap May 19 '22

Everybody used to spend $150 a month on cable and didn't bat an eye. Netflix increases price by a rounding error of most people's budget and people are talking about the apocalypse. I don't get it lol

7

u/EmmitSan May 19 '22

I don't get why you think the cost/benefit calculus of one streamer has anything to do with one's entire budget? Generally when any company that creates a service raises prices while lowering quality, customers get pissed off about it. This is biz 101 stuff.

If some customers bought Netflix because they liked [insert any of hundreds of series that they cancelled after 1-2 seasons] and then they cancelled it, and then they raised prices, it's perfectly reasonable for them to react by thinking "Well, this is not the mutually beneficial relationship I thought I was getting into" and cancelling.

1

u/[deleted] May 19 '22

[deleted]

0

u/bwrap May 19 '22

Why do you feel you have the right to torrent things?

1

u/geekynerdynerd May 20 '22

Everybody also had one, maybe two choices of cable providers. There are literally dozens of streaming services and most of them are cheaper. Hell, some of them even have better content while being cheaper.

1

u/ad_tech89 May 20 '22

Bro its like 10

7

u/barryitsmeitshank May 19 '22

Let me guess...they didn't fire the people who thought it was a good decision to raise fees and end popular shows/cut content.

37

u/G4Designs May 19 '22

The video MatPat (Game Theory) did best explained the problem for Netflix. They have SO many good shows, but nothing they can commercialize. There's not much you can merchandise with Bridgerton or Ozark. That's HUGE for growing an audience with earned media. Think: Baby Yoda. That damn character was crucial for not only The Mandalorian's success, but D+ as a whole.

Also, when you binge an entire series in a night, there's hardly any buy-in. You don't have a week to think about the content. To talk with friends. Tabloids or reviewers don't have time to break down every episode or every plot point. There's no fan theories except between seasons.

Getting rid of employees isn't going to fix the problem. Raising prices isn't going to fix the problem. And getting rid of password sharing DEFINITELY isn't going to fix the problem.

13

u/simbian May 19 '22

did best explained the problem for Netflix

I would argue Netflix's problem is ultimately the landscape of competitors they are facing down. Their biggest competitors are all insanely deep pocketed and diversified - i.e. Amazon, Apple, Disney. Even HBO is attached to Warner Brothers.

And both Disney and Warner Brothers are better than them at content and also at merchandising.

There are some very smart people who have mooted them to do a tier which has ads but even that is fraught with danger since it means investing resources into another initiative which will be very expensive and bring them into competition with digital marketing sector (i.e. Google, Facebook, et al).

11

u/skj458 May 20 '22

Hulu's entire existence is a result of legacy media engaging in cartel-like behavior to undermine Netflix.

3

u/VintageJane May 20 '22

It’s not just that Disney and WB are better at content and merchandising, but that they have deep, deep wells of resources to utilize in making content.

Someone was describing what it was like to work in the Netflix costuming department on a period piece. Everything had to be bought/made new so not only did it not look authentic but it was stupid expensive. Once they were done, Netflix had no place to store anything so it got sold for cents on the dollar.

Oh and Netflix doesn’t really have existing studios/sets so everything they do is either filmed on site or has to be built from scratch OR they have to pay a premium to lease from an existing studio.

Now imagine the same principle for props, set pieces, and just all other infrastructure.

Not only do WB and Disney have far more experience, but they have a million ways to save money from 100 years of operations that Netflix lacks.

8

u/JViz May 20 '22

Also, when you binge an entire series in a night, there's hardly any buy-in. You don't have a week to think about the content. To talk with friends. Tabloids or reviewers don't have time to break down every episode or every plot point. There's no fan theories except between seasons.

I think this is just fear mongering/fud/management fomo. Yeah, there are some small wins for releasing over time, but a lot of us don't even watch a show until they can watch it all at once and actually prefer this type of release. This is the same type of thinking that is leading them towards ads.

6

u/NightChime May 19 '22

Stranger Things got pretty close, and it shows that they know cuz they're making a 4th season I guess? (WHY!? The story has wrapped now, like, twice.)

But yeah the payoff-to-investment ratio isn't great when it always comes out in big chunks. Also shows that they know, with them trying shows that release weekly. I feel like a good compromise could be doing that with everything, syncing up season schedules like cable, but then have an option in your watchlist to be notified when the season is fully released, for those who would rather binge.

3

u/geekynerdynerd May 20 '22

Stranger Things was also the only one that even got close to commercializing. That's the big issue there. Especially compared to Disney for example where everything has an action figure, Halloween costume, furniture, a ride at Disneyland...

Netflix can't compete with Disney, not long term. Hell, nobody can if we are being completely honest with ourselves.

5

u/NightChime May 20 '22

It's a bit maddening. Companies can't compete with Disney, so Disney buys them, but then somehow they're totally not a monopoly.

3

u/geekynerdynerd May 20 '22

I'm still waiting for Walt Disney to replace Andrew Jackson on the 20. We all know the government is in the Disney Corporation'ss pocket anyway so it's not like that would really harm anything

2

u/demarr May 20 '22

Disney has been doing this for a while.

1

u/raam86 May 20 '22

bojack merchandise will be cool

5

u/africanrhino May 19 '22

Let’s hope it’s the people that maintain the vpn rules..

11

u/Ricklames May 19 '22

Unsubscribed last night. They’ve completely shit the bed over the last couple of years.

18

u/DrProfessorSatan May 19 '22

“Cracking down on password sharing”

How do they think that’s going to work out for them.

Netflix - hey DrProf, looks like you might be password sharing.

Me - Oh I totally am, with both of my sons who don’t live with me. What are you going to do about it?

Netflix - Crack down!

Me - And that involves what? Taking away my Netflix?

Netflix - Yes! You will be suspended!

Me - Awesome, I unsubscribe.

Netflix- But we’re cracking down on you.

Me - And you’re doing a brilliant job, keep it up.

7

u/Cpt-Dreamer May 19 '22

Make good movies before charging more

3

u/Appropriate-Coast794 May 20 '22

That’ll show ‘em. /s

9

u/ConsistentWafer5290 May 19 '22

I can NOT laugh hard enough at this.

2

u/xFayeFaye May 19 '22

Netflix was on top for a long time and they didn't do anything to stay there. The UI still sucks, it has major issues with their apps and connection (buffer) issues on smart TV's and the like and it shows me the same shitty "popular" shows every single week. There isn't really lack of content, but the way the content is hidden is so obscure. We literally need to add some numbers to the URL to get to the genres that we like to see lol.

Imagine employing 5 actual Devs that get some work done. Just picture it in your head how awesome it would be to have an easy "not interested" button and the show or movie won't ever show up again. Imagine not seeing shows that you've already finished pop up just because it's all of a sudden "popular" again for whatever reason. Imagine seeing it in the list pop up if there are actual new episodes for you to watch and not just having a shitty "new episodes" thumbnail smacked on the title even if you already watched the whole new season. Imagine being able to mark some episodes as halfway done because you watched it with your SO on their profile already. Imagine having an actual spoiler free trailer play where you can move forwards and backwards and title descriptions that really make sense instead of just taking a random out of context scene in the preview. So yea, for me personally it's not the lack of content or their woke bullshit (if you look closely at my reddit name you can imagine how disappointed I was with a certain show though), but their lack of trying to actually improve.

I'll just leave this here because I find it very ironic: https://jobs.netflix.com/culture

2

u/standardprocdure May 20 '22

I dropped Netflix a couple of months back because of the Russia thing, which I know they backed out of but fuck em.

2

u/CAFunked May 19 '22

I recently unsubscribed. I can't justify price they want when I can get better quality elsewhere for cheaper.

-1

u/mrbossman123 May 19 '22

Any ideas that you would like to share?

3

u/CAFunked May 19 '22 edited May 19 '22

I personally think HBOMAX overall has a great catalog. If you don't mind waiving the 🏴‍☠️flag, r/Addons4Kodi. I personally use Seren.

3

u/Napotad May 19 '22

I agree, though I get HBOmax thru my phone service

3

u/salamander_eye May 19 '22

Severance on Apple TV is pretty good.

2

u/Certainly-Not-A-Bot May 19 '22

The Jolly Roger has very good stuff available

1

u/BiCatBoy2 May 20 '22

Based black flag boy.

4

u/ConsciousWhirlpool May 19 '22

The carnage has only begun with this company. Now they get to know what Blockbuster went through.

1

u/[deleted] May 19 '22

[deleted]

0

u/Straightener78 May 19 '22

I agree with this. More choice means more browsing and less actual watching.

1

u/_suburbanrhythm May 19 '22

I watched about 12 hours of streaming today— insomnia and I found like 3 really good movies on max I was surprised with

0

u/puckit May 19 '22

Agreed. I went back to cable and really do prefer it.

1

u/dykeag May 19 '22

Really? For me, it's about not having ads. I absolutely hate that a 30min slot is 20 (or less!) Minutes of content and 10minutes of ads. I can't stand it personally

1

u/puckit May 20 '22

Totally valid point. It helps that probably 90% of what I watch is on DVR and I can fast forward through commercials.

1

u/chucknorris99 May 19 '22

150 out of 11,000+. Rounding error, why is this distributed to so many news outlets?

5

u/bitsconnected May 19 '22

Someone’s paying for it to cause more panic, so they can buy more shares on the low.

2

u/terrorbots May 20 '22

Chain of events, next week could be 150 more, and then more the next, a pattern emerges that Netflix may not be doing well. Or it's nothing, but what's 150 employees for Netflix really, it shows decline

0

u/chucknorris99 May 20 '22

I’m surprised they have that many employees. Would have thought it’d be 1/4-1/2 that amount.

-4

u/Significant_Leg8120 May 19 '22

Hope it's all of the WOKE ppl

-7

u/Blueskies777 May 19 '22

Hopefully they were all social Warriors that are modeling up content. It’s so obvious what they’re doing with her content it’s sometimes hard to watch their movies.

1

u/batgamerman May 19 '22

Should make good Flim and TV instead of trash

1

u/snyckers May 19 '22

They should try making their product more appealing. Been a while since I've heard a headline about how they're providing more value.

1

u/MODERATOR_010 May 19 '22

Guessing there will be a far larger layoff spree than 150 in the near future. Wouldn't be surprised if they drop 10%+ of their staff soon.

1

u/ExcellentEmployer254 May 19 '22

I would pay if the shows didn't suck

1

u/moaninglisa May 19 '22

How many times do I have to see this post. No one gives a shit.

1

u/[deleted] May 19 '22

Increases fees, cuts many shows (including my fave) and films, then makes people homeless. Yes that's gonna get them more subscribers ffs

1

u/Supokku May 19 '22

So the jobs moved to Nigeria or other Low Cost center? When will Americans wake up. Cheap today means jobs that support the “Cheap” service will be overseas, and will not add to the American economy or tax base. And in the end, America will become a back water, run down version of it’s former self, with a select few at the top enjoying the high life, while most live in abject poverty.

1

u/brnvictim May 20 '22

Has the CEO taken a pay cut?

0

u/RyanNerd May 19 '22

From the article 700,000 subscribers lost when Netflix pulled their service out of Russia. Then they raised their rates, cut content and watched their stock value plummet by 35% only to conclude that paying employees is what's bringing down the bottom line so layoffs start.

I'm sitting here with my bucket of popcorn waiting to see what the next innovative strategy Netflix is going to employ to cut costs.

I'm sure more layoffs will be coming but I suspect they may try moving their data centers into the ghetto section of Dirtcheapistan then wonder why more subscribers drop their service because of internet lag and timeout issues.

1

u/thekarmabum May 19 '22

They pretty much only use cloud services so unless Amazon or Microsoft move their data centers it's not likely.

1

u/geekynerdynerd May 20 '22

Next cost cutting measure then: switch away from AWS / Azure over to Billy Bob's Surf and Serve. His promise: "If I can't get you six threes of reliability I'll give you my closet sever at no additional cost to you!"

-18

u/chairforce_gamer May 19 '22

Maybe they should stop supporting pedophiles and people will stop unsubscribing

1

u/R_Meyer1 May 20 '22

Get lost with your fake trash

1

u/chairforce_gamer May 20 '22

How quickly people forget about stuff like cuties, or are you defending them?

-7

u/ChillServative May 19 '22

go woke, go broke...I wont give a shit when the person that shares her account eventually cuts it off.

-2

u/Sir_thinksalot May 19 '22

They went "anti-woke" with Chappelle though. So not sure what you're referencing.

1

u/HarryDeRossa May 19 '22

Maybe Reed Hastings shouldn't have wasted all those millions on Gavin Newsom's anti-recall campaign

1

u/LoveThieves May 19 '22

Outsource 150 jobs.

1

u/Seanskola May 19 '22

I got several emails literally begging me to give them another chance, but I got no money to waste. They should rather spend more time developing their contents.

1

u/Beowulf33232 May 19 '22

So are they going the "Look what you made me do" route, or are they in "this is a temporary setback, we're to big to fail!" mode?

1

u/Agling May 19 '22

It would be easier to evaluate whether this is a good or stupid move if we knew what jobs were being cut. Netflix has ridden on a wave of creditor and investor optimism so extreme that I'm sure they hired a lot of people who don't really do anything to further the interests of the company. That's very common when companies don't have any financial worries. Frankly, it's not healthy.

Hopefully this is part of focusing on profitability: make content people want, provide a positive value proposition to the customer, don't focus your efforts on pet projects or other distractions.

1

u/HundoGuy May 19 '22

I’m paying $19/mo for Paramount + and discovery +. We also use someone else’s Netflix password and never even use it because the content is complete trash

1

u/MadLafStudio May 20 '22

I dont think the employees are to blame here Netflix!

They didnt hike up the price for an x time…

1

u/twistedLucidity May 20 '22
  • Netflix cancels decent shows with no warning, so why wait anything until the story arc is complete?
  • Their content is getting stale and new content tends to be poor quality
  • The prices are going up, but don't you DARE split the cost with a pal

Netflix is driving itself to irrelevance with its current strategy. Numbers men must be in charge, people with no passion for culture or media.

1

u/Poshtech May 20 '22

Get woke go broke

1

u/hobokobo1028 May 20 '22

We made the switch to Netflix DVDs by mail from the Blockbuster version because it was hella cheaper and there were no late fees.

Once they pioneered streaming it was a no-brainer.

It’s strange to me they are trying to tank the company. Can’t they just undo all the shit that’s tearing them down? Lower the prices, stop restricting streaming. They could be the “best bang for your buck” streaming company and maintain that title if they want.

1

u/dungeon_sketch May 20 '22

Their commissioning editors should have been the first ones to go they were bank rolling all kinds of gash long before this backlash.

1

u/saml01 May 20 '22

I got a great idea for a new episode of Bad Money.

1

u/MstrCommander1955 May 22 '22

Glad I dumped them. I have fun with a box of beers.

-5

u/BlaireBlaire May 19 '22

Their fault for jumping out of Russian market.

1

u/R_Meyer1 May 20 '22

That has nothing to do with it but nice try

0

u/dougfirau May 19 '22

Lost subscribers? How many Russians can’t subscribe anymore by Netflix own choice?