Photo: Netflix (3)
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The announcement comes as Netflixlost 200,000 subscribersin its last quarter, as well as amid a crackdown on Netflix userssharing accountsacross households.
Netflix
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Netflix has not yet revealed it new prices, though the current structure is based on video quality.
Liam Daniel/Netflix
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On Thursday, Netflix confirmed it had laid off hundreds of employees amid a stock price drop.
“Today we sadly let go of around 300 employees,” a Netflix spokesperson toldVariety.
“While we continue to invest significantly in the business, we made these adjustments so that our costs are growing in line with our slower revenue growth. We are so grateful for everything they have done for Netflix and are working hard to support them through this difficult transition.”
source: people.com