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Netflix Is Profitable and Still Growing. Why Did It Just Make a Huge Round of Layoffs and Oust Its Top Content Exec?
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Skavau piefed.social Skavau@piefed.social
Joined: 2025-03-18
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56   Original
NaibofTabr infosec.pub NaibofTabr@infosec.pub
Joined: 2023-06-18
#2 · Quote Reply

line goes up

35
Jesusaurus lemmy.world Jesusaurus@lemmy.world
Joined: 2023-06-15
#3 · Quote Reply

Profiteering

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Llamatron lemmy.world llamatron@lemmy.world
Joined: 2023-06-21
#4 · Quote Reply

Those profits are not for the workers

49
jtrek startrek.website jtrek@startrek.website
Joined: 2026-02-22
#5 · Quote Reply

Those profits are not for the workers

More people need to hear this.

Workers build stuff, and then the "owners" get to keep the profits.

Saw someone post this old comic the other day: https://www.researchgate.net/figure/Fred-Wright-cartoon-So-Long-Partner-Fred-Wright-C-UE-Used-with-permission_fig1_265014375

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tacosanonymous lemmy.blahaj.zone tacosanonymous@lemmy.blahaj.zone
Joined: 2026-07-31
#6 · Quote Reply

More people need to hear this. Workers build stuff, and then the "owners" get to keep the profits. Saw someone post this old comic the other day: https://www.researchgate.net/figure/Fred-Wright-cartoon-So-Long-Partner-Fred-Wright-C-UE-Used-with-permission_fig1_265014375

We should create a system where the workers are the owners.

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hitmyspot aussie.zone hitmyspot@aussie.zone
Joined: 2023-07-03
#7 · Quote Reply

Profit and growth are different. They are profitable. They've stopped growing. Inevitable but still seems to surprise investors.

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Amuro_eat lemmy.blahaj.zone Amuro_eat@lemmy.blahaj.zone
Joined: 2026-08-20
#8 · Quote Reply

I like how the headline is like a rhetorical question

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Tollana1234567 lemmy.today Tollana1234567@lemmy.today
Joined: 2025-06-04
#9 · Quote Reply

RECORD PROFITS, LAYING off people,.

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gergo lemmy.world gergolippai@lemmy.world
Joined: 2025-10-19
#10 · Quote Reply

IT'S BECAUSE OF SONARR! /s

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atro_city fedia.io atro_city@fedia.io
Joined: 2023-08-05
#11 · Quote Reply

Don't have and never will have a Netflix account. Fuck em.

1
boonhet lemmy.zip boonhet@lemmy.zip
Joined: 2026-08-12
#12 · Quote Reply

Profit and growth are different. They are profitable. They've stopped growing. Inevitable but still seems to surprise investors.

Their growth has stopped growing. Their revenue is still growing, just slower.

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boonhet lemmy.zip boonhet@lemmy.zip
Joined: 2026-08-12
#13 · (edited) Quote Reply

We should create a system where the workers are the owners.

You'll improve things a bit for sure, but most assets are owned by the old. Turns out an aging society means retirees own everything and workers don't get shit.

Always a balance between workers and people too old, young, or disabled to work. If you give everything to workers, those other groups don't get shit.

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atrielienz lemmy.world atrielienz@lemmy.world
Joined: 2023-08-05
#14 · Quote Reply

Part of the problem is the people who didn't quit. Netflix rolled out that BS account sharing ban in South American countries and I was like, "I'm out". It's been 6-ish years. I don't need it.

A lot of people when that feature came to America said they would leave. They didn't. We let them continue to be profitable. They were never going to do right by customers or employees. If anyone expected that, I have some public landmarks for sale.

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zikzak025 lemmy.world zikzak025@lemmy.world
Joined: 2025-12-24
#15 · Quote Reply

We should create a system where the workers are the owners.

How absurd. You may as well say the commons should govern themselves instead of the nobility.

1
Janx piefed.social Janx@piefed.social
Joined: 2025-12-19
#16 · Quote Reply

Because that's all CEOs know how to do these days: raise prices and layoff people.

2
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