Netflix Cuts 1,000 Jobs: Layoffs Get a Limited Series
From the BBN segment “Netflix to cut 1,000 jobs as growth concerns mount”, cut down to under a minute.
The full story and the real reporting behind it (Financial Times) →
From the BBN segment “Netflix to cut 1,000 jobs as growth concerns mount”, cut down to under a minute.
The full story and the real reporting behind it (Financial Times) →
What BBN said on air. The facts are in the original report: Financial Times.
Hank LedgerNow, Netflix is cutting one thousand jobs as growth concerns mount, and its shares have fallen more than forty percent in a year.
Hank LedgerMarguerite Salgado runs a reputation firm and joins us from a yacht. Is this a good day for Netflix?
Marguerite SalgadoHank, it's a comeback story, and here's the pivot: these thousand people are finally free to pursue their passions, which for most of them is a couch and a competitor's free trial.
Hank LedgerSo I should call it a glow-up. The company is under pressure to get viewers to watch more, and it is firing people.
Marguerite SalgadoThink of it as a sequel.
Marguerite SalgadoThink of it this way: severance is basically a signing bonus for your next chapter, and that red carpet outside the unemployment office? I'm already pricing the valet.
Hank LedgerOutside the unemployment office.
Marguerite SalgadoValet, a step-and-repeat, and sparkling water in little cups.
Marguerite SalgadoAnd here's the pivot: I have a workshop for the laid-off called Rise Again, and it is paid, mostly by them.
Hank LedgerSo you are billing the people who were let go. I'll ask again, with the yacht in mind: what do the thousand get?
Marguerite SalgadoA limited series about their journey, Hank. Nobody has greenlit it, but the title is perfect.