The US streaming service is getting rid of another 300 employees, reports Variety.
These are mainly employees in the US, when Netflix is trying to adapt to a shrinking number of subscribers and a slaughtered share price. The announcement comes just a few weeks after a first round of redundancies has been completed.
On Thursday, the share was traded for 180 dollars, a fraction of the more than 600 dollars that the share cost in January.
Netflix says in a statement to the industry magazine that the company continues to make significant investments, but that the cuts are made to keep costs in line with slower growth.
Netflix has a total of about 11,000 employees worldwide.