Another 300 jobs have been cut and they are mostly in the US.
This is on the heels after 150 positions were axed back in May.
In order to recoup some of the lost revenue, the streaming giant is looking into a low cost ad-supported subscription tier and has been cracking down on passwords sharing with trials in some South American countries.
Netflix reported it’s first subscriber loss in April after they saw 200 thousand subscriptions cancelled, and are expecting to see another two million cancelling by July.
