Subscription rates have nothing to do with setting revenue records. Netflix was letting go another 300 staff in todays news.
Like a well placed karate chop from Stranger Things Season 4 fan favorite Murray Bauman (played by actor Brett Gelman), Netflix is cutting a slew of jobs. The company is shedding an additional 300 staffers following the 150 workers it cut in May. This latest round of layoffs, first reported by...
qz.com
Ad supported subscriptions actually make a lot more money for Netflix. So thats why they are doing it, to grow revenue. So all the people that go that route Netflix says thank you very much.