Netflix's subscriber loss is causing employees to think about leaving

Netflix's stock price recently tanked, and now reports indicate large numbers of Netflix employees are considering leaving.

@JakConnorTT
Published Mon, Apr 25 2022 5:06 AM CDT   |   Updated Tue, May 17 2022 10:11 AM CDT

For the first time in 11 years, the world's largest streaming platform, Netflix, announced its losing subscribers, sending its stock price plummeting.

Netflix's subscriber loss is causing employees to think about leaving 01 | TweakTown.com

Netflix revealed on April 19 its disappointing Q1 results that showcased that subscription growth has decreased by 203,000 paid subscribers across its largest regions; US, Europe, Middle East, Africa, and Latin America. In Q4 2021, Netflix announced it had 221.8 paying subscribers, and according to the streaming platform, the decrease is due to accounting sharing, economic issues, COVID-19 mis-projections, and more.

As a result of this news, Netflix's share price took a large tumble, and now reports from Bloomberg reveal that former and current Netflix employees are reporting, "More people are looking to leave Netflix right now than at any point in recent memory, current and former employees said this past week". The Information reported that Netflix employees have also asked upper management to roll out new stock grants to employees to compensate for the loss that they experienced over the last week.

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NEWS SOURCE:bloomberg.com

Jak joined the TweakTown team in 2017 and has since reviewed 100s of new tech products and kept us informed daily on the latest science and space news. Jak's love for science, space, and technology, and, more specifically, PC gaming, began at 10 years old. It was the day his dad showed him how to play Age of Empires on an old Compaq PC. Ever since that day, Jak fell in love with games and the progression of the technology industry in all its forms. Instead of typical FPS, Jak holds a very special spot in his heart for RTS games.

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