• Marketplace
  • Resources
  • Business Directory
  • Events
  • Advertise
  • Brand Pulse
  • Publish a Press Release
  • Get the Newsletter
  • Contact
  • About Us
The FUTURE OF WORK® since 2003
Allwork.Space
No Result
View All Result
Subscribe
  • More
    • Columnists
      • Dr. Gleb Tsipursky – The Office Whisperer
      • Nirit Cohen – WorkFutures
      • Angela Howard – Culture Expert
      • Drew Jones – Design & Innovation
      • Jonathan Price – CRE & Flex Expert
    • Get the Newsletter
    • Events
    • Advertise With Us
    • Publish a Press Release
    • Brand PulseNew
    • Partner Portal
  • Latest News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • CRE
  • Podcast
  • More
    • Columnists
      • Dr. Gleb Tsipursky – The Office Whisperer
      • Nirit Cohen – WorkFutures
      • Angela Howard – Culture Expert
      • Drew Jones – Design & Innovation
      • Jonathan Price – CRE & Flex Expert
    • Get the Newsletter
    • Events
    • Advertise With Us
    • Publish a Press Release
    • Brand PulseNew
    • Partner Portal
  • Latest News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • CRE
  • Podcast
No Result
View All Result
Subscribe
Allwork.Space
No Result
View All Result
Advertisements
Nexudus - Tech Stack Lovers
Home News Workforce

Employees Morale At Netflix Has Reportedly Taken A Plunge

Last week, the streaming service revealed it had lost 200,000 subscribers during the first quarter of the year, leading its stock to tumble by 26%.

Aayat AlibyAayat Ali
April 27, 2022
in Workforce
Reading Time: 2 mins read
A A
Employees Morale At Netflix Has Reportedly Taken A Plunge

More stories for you

Can AI-Trained Humanoid Robots Solve China’s Labor Crisis — And Lead The Future Of Work

Can AI-Trained Humanoid Robots Solve China’s Labor Crisis — And Lead The Future Of Work?

20 mins ago
Ford Workers In Germany Strike To Protest Job Cuts

Ford Workers In Germany Strike To Protest Job Cuts

7 hours ago
South Africans Giving Up Looking For Work As Jobless Rate Rises Even Higher

South Africans Giving Up Looking For Work As Jobless Rate Rises Even Higher

7 hours ago
Why the Best Future-of-Work Strategy Is a Product Strategy

Why The Best Future-of-Work Strategy Is A Product Strategy

22 hours ago

Following Netflix’s record loss in subscribers, employee morale has reportedly taken a plunge. 

Last week, the streaming service revealed it had lost 200,000 subscribers during the first quarter of the year, leading its stock to tumble by 26% and directly impacting employees with shares.  

Advertisements
Maximize Flexible Space Revenue

Recently, Netflix workers requested that leaders provide more flexibility in electing stock-based compensation. 

Now, employees are thinking about leaving the company as their confidence in the future of the firm dwindles. 

Advertisements
Nexudus - Tech Stack Lovers

The company has long prided itself in company culture, emphasizing freedom, responsibility, and accountability. However, now that Netflix is looking at cost-cutting measures, it is likely that this culture will be faced with increased scrutiny and pressure from higher ups. 

Already the company restructured its engineering department to create different tiers of workers as opposed to its normally flat operations. While some workers claim that this is an effort to cut pay and overall costs, Netflix claims this is to help with career progression. 

It can be argued that both are true, and that Netflix’s massive workforce expansion lends it to require different levels of employees. 

Still, the streaming wars have undoubtedly come to a head. Netflix once reigned king of the industry, but the success of popular services such as Disney+ and HBO Max have caused the company to take pause, and note, of what can help it sustain in the future. 

Advertisements
Yardi Kube automates flex and coworking operations

Subscribe to SCOPE by Allwork.Space to receive weekly news digests. 

Source: Bloomberg
Tags: Workforce
Share6Tweet4Share1
Aayat Ali

Aayat Ali

Aayat is an editor for the Daily Digest based in Lexington, Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces.

Other Stories Recommended For You

Can AI-Trained Humanoid Robots Solve China’s Labor Crisis — And Lead The Future Of Work
Tech

Can AI-Trained Humanoid Robots Solve China’s Labor Crisis — And Lead The Future Of Work?

byFeatured Insights
20 mins ago

China's AI-powered humanoid robots aim to transform manufacturing

Read more
Ford Workers In Germany Strike To Protest Job Cuts

Ford Workers In Germany Strike To Protest Job Cuts

7 hours ago
South Africans Giving Up Looking For Work As Jobless Rate Rises Even Higher

South Africans Giving Up Looking For Work As Jobless Rate Rises Even Higher

7 hours ago
Why the Best Future-of-Work Strategy Is a Product Strategy

Why The Best Future-of-Work Strategy Is A Product Strategy

22 hours ago
Advertisements
Envoy - Workplace ROI
Advertisements
Envoy - Workplace ROI

Unlock your competitive edge in tomorrow's workplace.

Join a community of forward-thinking professionals who get exclusive access to the latest news, trends, and innovations that are shaping the future of work.

©2024 Allwork.Space News Corporation. All Rights Reserved.

Exploring the Future Of Work® since 2003.

Advertise   Newsletters   Privacy Policy   Terms Of Use   About Us   Contact   Submit a Press Release   Brand Pulse   Podcast   Events   

No Result
View All Result
  • Home
  • Latest News
  • Topics
    • Business
    • Leadership
    • Work-life
    • Workforce
    • Career Growth
    • Design
    • Tech
    • Coworking
    • Marketing
    • CRE
  • Podcast
  • Events
  • About Us
  • Solutions
    • Advertise | Media Kit
    • Publish a Press Release
    • Brand Pulse
Subscribe

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00