In another round of layoffs, 30 employees have been let go from the Netflix animation department.
According to Variety, the layoffs are a result of the streaming giant merging its animation film production team under one executive, Traci Balthazor, the vp of animated film production. Earlier this year, Balthazor and Karen Toliver were appointed by Netflix to run the animated film department.
This past May, Netflix reduced its workforce by 2%, resulting in 150 employees being laid off. That round of layoffs came less than a month after Netflix’s editorial and marketing division laid off a number of full-time employees and contractors. Additionally, around 70 roles in the animation division were eliminated, along with the reduction contractor roles in its social media and publishing channels.
In June, Netflix laid off 300 employees consisting of 216 employees in the U.S. There were 30 in Asia-Pacific countries; 53 in Europe, the Middle East and Africa; and 17 in Latin America. A Netflix spokesperson explained that the layoffs were made so that the streamer’s costs were growing in line with their slower revenue growth.
Netflix reported in April it had lost 200,000 subscribers in the first quarter and expected to lose another 2 million in the second quarter during its first-quarter earnings presentation. After the announcement, the company’s stock sank more than 20%, and due to the stock drop, layoffs were expected.