FOLLOW US

Business May 17, 2022 2 mins read

Netflix Laying Off Workers as Profits Slow Down

Business ı By Gabrielle Seunagal

0 Comments

USA Herald

Across the United States, times are tough for middle-class Americans. Families are currently at the center of a horrific baby formula shortage; this could end up taking anywhere from weeks to months to sort out.

At the same time, the costs of living are rising as inflation remains ever-present in Americans' lives. Sadly, the wages earned by the average middle-class worker are nowhere in the league of inflation.

As Amazon founder Jeff Bezos mentioned, inflation has the worst effects on Americans with the least affluence.

Unfortunately, the worst days of the economy may not be over. Multiple high-level economists believe a recession is on its way in about one year.

Meanwhile, 150 employees with Netflix have been laid off, amid the company's struggles with profits and revenue.

Financial trouble with Netflix

Despite the popularity of online streaming services, Netflix lost a ton of subscribers during its first 2022 quarter. The company is reportedly planning to bring ads to its site as a means of offsetting financial losses.

Unfortunately, as Netflix works to cut its losses, it's also cutting its workforce. The streaming service let 150 workers go, most of whom are based in America.

In a public statement, Netflix confirmed its lack of growth in revenue means it has to cut costs. The company also affirmed the difficulty of the layoffs since the performance of these employees had zero bearing on their displacement.

Finally, Netflix assured that laid-off staffers have their "support" while they make this uncomfortable transition.

Alternative work options for laid-off employees

Layoffs are never fun; however, in today's economy, they can seriously bring stress to families.

Netflix employees or other folks to lose their jobs may do well to look into some alternative forms of work. Driving for Lyft and/or Uber is an option to make some extra money and offset loss of income.

Additionally, providing delivery services for DoorDash, Postmates, Grubhub, Instacart, UberEats, etc. can also help with bringing extra funds in. Each of these apps is easily accessible on a cell phone.

Getting set up and approved to work through these apps also remains a fairly easy process.

Previous Article

Senate Advances Bill to Provide $40 Billion Aid to Ukraine

Read More
2659 Posts

Gabrielle Seunagal

Gabrielle Seunagal is a full-time freelance writer, editor, and voice actor, who worked with USA Herald from June 2017 to November 2024. She is passionate about fitness, travel, and combating human rights abuses like human trafficking and child marriage.

Discussion

No comments yet. Be the first to join the discussion!

Don’t Miss It
America September 16, 2026
CLARITY Act Stalls In Senate As Crypto Ethics Fight Deepens
By – Samuel Lopez
America September 15, 2026
NFP Acquires Minnesota’s Moores in Strategic Insurance Expansion
By – Tyler Brooks
America September 15, 2026
Adidas $5M Call Center Breach Sparks Insurance Fight Over Coverage
By – Tyler Brooks
America September 15, 2026
Oracle 6 AM Layoff Email Blindsides Workers Amid AI Spending Surge
By – Rihem Akkouche
America September 15, 2026
Crypto Bill Failed to Clear Senate in Blow to Digital Asset Industry
By – Rihem Akkouche
America September 15, 2026
Grab Holdings to Buy 60% of Atome in $1.49 Billion Fintech Power Play
By – Rihem Akkouche
America September 15, 2026
Electra Therapeutics’ $325M IPO Bets Big on Precision Immune Therapy
By – Rihem Akkouche
America September 15, 2026
Robinhood Engineers Crypto-Futures Insider Charges Reveal…

Some information is meant to sit locked in a company’s…

By – Rihem Akkouche
America September 15, 2026
State Farm Sends Cash Back to…

Key Takeaways State Farm Mutual is distributing a record $5…

By – Samuel Lopez
America September 15, 2026
Why the Pentagon’s Space Weapons Admission…

Key Takeaways The Outer Space Treaty bans nuclear weapons and…

By – Samuel Lopez
America September 15, 2026
Massachusetts AG Joins 21-State Coalition Suing…

Key Takeaways Massachusetts Attorney General Andrea Campbell has joined attorneys…

By – Samuel Lopez
America September 15, 2026
Baldwin Insurance Group Goes Private in…

Key Takeaways Baldwin Insurance Group shares surged nearly 8% after…

By – Samuel Lopez
America September 15, 2026
Pentagon Breaks Decades of Silence, Confirms…

Key Takeaways Air Force Secretary Troy Meink has confirmed, for…

By – Samuel Lopez
America September 15, 2026
Pentagon Breaks Decades of Silence, Confirms…

Key Takeaways Air Force Secretary Troy Meink has confirmed, for…

By – Samuel Lopez
America September 14, 2026
NASA Responds to Presidential Directive, Targeting…

Key Takeaways NASA is moving quickly to design a new…

By – Samuel Lopez
America September 14, 2026
ESA Scientists Can Now Predict Where…

Key Takeaways ESA’s NEO Coordination Centre has built a new…

By – Samuel Lopez
America September 14, 2026
IRS Micro Captive Rules Face Sixth…

Some legal battles don’t end with a single ruling —…

By – Rihem Akkouche
America September 14, 2026
EPA Planet Warming Limits Removal Sparks…

Regulations built over years can sometimes be dismantled in a…

By – Tyler Brooks
America September 14, 2026
Thryv to Sell Print Directories, Betting…

Every company reaches a fork in the road where its…

By – Tyler Brooks
And More September 14, 2026
Sydney Sweeney and Scooter Braun Celebrate…

Sydney Sweeney celebrated her 29th birthday with a public declaration…

By – Jackie Allen
America September 13, 2026
AI Whistleblowers:  Warnings  Coming From Inside…

AI Whistleblowers are increasingly sounding the alarm about the speed…

By – Jackie Allen
America September 13, 2026
Serena Williams’ Daughters Make History as…

Serena Williams has built one of the most decorated careers…

By – Jackie Allen
America September 13, 2026
KJ Biermann Faces Seven Felony Charges…

KJ Biermann, the 15-year-old son of “Real Housewives of Atlanta”…

By – Jackie Allen
America September 13, 2026
Team USA Reaches Women’s Basketball World…

BERLIN — Team USA advanced to the FIBA Women’s Basketball…

By – Jackie Allen
America September 13, 2026
In-House Attorneys’ Group Takes Rival to…

Key Takeaways The Association of Corporate Counsel has filed suit…

By – Samuel Lopez
America September 14, 2026
TMZ Ties Itself to the Hayden…

Key Takeaways TMZ is reporting that law enforcement sources believe…

By – Samuel Lopez
America September 13, 2026
Lawyers Clash Over 12.5% Cut of…

Key Takeaways Class attorneys behind the $2.8 billion Blue Cross…

By – Samuel Lopez
America September 13, 2026
New Mexico Lawyer Fined $5,000 After…

Key Takeaways A New Mexico defense attorney was held in…

By – Samuel Lopez
America September 13, 2026
China Expands Legal Reach Abroad as…

3 Key Takeaways China is expanding laws that can reach…

By – Samuel Lopez
America September 13, 2026
Bayer’s $7.25 Billion Roundup Settlement Faces…

Key Takeaways Bayer’s Monsanto unit will ask a Missouri judge…

By – Samuel Lopez
America September 13, 2026
Tylenol Maker and Pharmacy Chains Ask…

By Samuel López | USA Herald Tylenol maker Kenvue and…

By – Samuel Lopez
America September 13, 2026
Tylenol Maker and Pharmacy Chains Ask…

By Samuel López | USA Herald Tylenol maker Kenvue and…

By – Samuel Lopez
America September 13, 2026
Lawyers Are Getting Burned by AI…

Key Takeaways Courts across the country have been sanctioning lawyers…

By – Samuel Lopez
America September 10, 2026
41% of Lawyers Say Legal Careers…

Key Takeaways More than 41% of surveyed lawyers say the…

By – Samuel Lopez
America September 10, 2026
Anthropic Says It Caught Scientists Trying…

Key Takeaways Anthropic’s newest threat intelligence report details five case…

By – Samuel Lopez
America September 10, 2026
Wrongful Death Lawsuit Against Energy Drink…

Key takeaways The latest reported order paused the family’s lawsuit…

By – Samuel Lopez
America September 9, 2026
Ambient AI Could Be the Next…

Key Takeaways Ambient AI can turn conversations into draft records,…

By – Samuel Lopez
America September 11, 2026
Bears and RB Swift $33.75M Extension…

Sometimes the best deals get done before the clock even…

By – Tyler Brooks
America September 11, 2026
Skywatchers: Moonshadow Creates Dramatic Blood Moon…

A Moonshadow transformed the night sky Aug. 27 as the…

By – Jackie Allen
America September 6, 2026
Travis Kelce-Backed Club Car Wash Faces…

By Samuel López | USA Herald A fast-growing car wash…

By – Samuel Lopez
America September 6, 2026
‘DWTS’ Gleb Savchenko Lists $1.4 Million…

By Samuel López | USA Herald Factual Background Gleb Savchenko…

By – Samuel Lopez
America September 4, 2026
Trump Calls Tiger Woods DUI Plea…

In This Report Tiger Woods accepted reduced charges and surrendered…

By – Samuel Lopez
America September 2, 2026
Clippers Fined $30M as NBA Drops…

A year-long investigation just landed on the Los Angeles Clippers…

By – Rihem Akkouche

No posts found.

No posts found.

Signup for the USA Herald
exclusive Newsletter