Iflix, the Malaysia-based streaming service that has been called the “Netflix of Asia”, has recently confirmed a wave of job cuts amid the global coronavirus pandemic.
More than 50 jobs are being terminated in an effort to ease the company’s debt repayment issues, which have been exacerbated by the coronavirus.
Iflix CEO Marc Barnett said in a statement: “The industry is not immune to these unprecedented circumstances.
Iflix had also hit its revenue target for the first three months of 2020.
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