Netflix's Employee Count Increased Steadily Since 2015 Before Layoffs

Employment

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Vika Azkiya Dihni 22/05/2022 08:30 WIB

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Netflix laid off 150 employees following losses. This represents 2% of Netflix's total workforce of 11,000. Previously, Netflix's employee count had been steadily increasing.

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Netflix's Employee Count Increased Steadily Since 2015 Before Layoffs

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Netflix Employee Count (2015-2021)

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Netflix laid off 150 employees after suffering losses. This layoff represents 2% of Netflix's total workforce of 11,000 employees.

Previously, Netflix's employee count had steadily increased since 2015. Citing Statista, the total number of employees at the online streaming service provider reached 11,300 in 2021.

In 2015, the number of employees was recorded at 3,500. This increased to 4,500 in 2016 and 5,400 in 2017.

Netflix saw yearly increases in its employee count. The number of employees grew to 7,100 in 2018, 8,600 in 2019, and 9,400 in 2020.

The streaming service company stated that the layoffs were due to business developments, with company revenue declining in line with a decrease in subscribers. The decline in subscribers is partly attributed to the sharing of passwords on paid accounts.

Currently, the company reports 222 million subscribing households and an additional 100 million households through account sharing. However, management assures that the layoffs were not due to employee underperformance.

Editor : Annissa Mutia

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."