Netflix is laying off roughly 6% of its workforce
cnbc.comWe have all become so desensitized to layoffs that a 6% cut from a FAANG hardly makes a blip on HN.
Out of all the tech companies, Netflix was the one company I really wanted to work for one day. Over the years I've applied for dozen roles and never once did I ever hear anything back from them.
Why them specifically?
It just seemed like a magical place from the founders hindsight on streaming, the technology scale for which they operate at, and the connection to making movies and tv shows. Kinda like a fairy tale dream stack for me.
why it's not on the front page oh HN? It doesn't matter anymore when 1k people are fired from big tech
I've been wondering recently whether Netflix has any sort of competitive advantage anymore.
I see that they're still the largest streaming service by market share, but the ability to provide a streaming service these days seems very commodified.
Record profit and margins. Just opened a massive office in Hyderabad. Offshoring? Corporate greed? Both?
For sure they are not laying off people in Hyderabad...