Netflix is cutting 150 jobs as the streaming company seeks to reduce its costs after revealing it expects to lose millions of subscribers in the first half of the year.
As of December, Netflix had about 11,300 full-time employees, meaning the cuts represent 1.3% of its global workforce.
The company also intends to launch a cheaper, ad-supported tier this year to attempt to reignite subscriber growth.
The widely expected cuts are mostly focused on its US operation, affecting employees in its sprawling film and TV divisions.