Get Woke, Go Broke: Layoffs Begin at Netflix After Stock Shares Crater

Get woke, go broke.

Netflix began layoffs on Thursday, just days after its stock plummeted.

Netflix shares cratered more than 20% last Tuesday after the company reported a loss of 200,000 subscribers in the first quarter.

Meanwhile at Netflix:

Netflix began laying off people at Tudum, a website that promotes shows on the streaming service just a few months after it launched.

Protocol reported:

The belt tightening appears to have started at Netflix: A number of journalists working for the company’s entertainment site Tudum have been laid off, according to tweets by those affected. A Netflix spokesperson told Protocol Thursday that there were no plans to shutter the site, calling it “an important priority for the company.”

Netflix had launched Tudum as a kind of online entertainment magazine focused on content streaming on its service in December. The company had hired entertainment journalists from publications including Vice, Bustle and elsewhere to staff the site. It’s unclear how many Tudum writers currently remain at the company.

Journalists working at Tudum/Netflix and their supporters aired their grievances on Twitter.

At least two staffers who left full time jobs to work for Tudum/Netflix were let go today.


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Cristina began writing for The Gateway Pundit in 2016 and she is now the Associate Editor.

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