From cloud computing to corporate swag, Netflix is ​​trying to cut costs

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From cloud computing to corporate swag, Netflix is ​​trying to cut costs

As Netflix Inc.
NFLX,
+4.84%

looks to save money Subscriber growth slowdownthe company is scouring its operations for opportunities to cut costs.

From reducing its real estate footprint and curbing corporate swag to controlling cloud computing costs and hiring more junior staff, the streaming giant is taking a variety of measures to reduce spending, those familiar with the situation say Persons.

Netflix said it lost nearly a million subscribers in the June quarter, citing increased competition. The company has laid off more than 400 employees this year and said it would keep its spending on new film and television programming steady. But the cost-cutting effort goes deeper, touching most corners of the business, as the company imposes greater financial discipline.

For companies under financial pressure, tightening their belts is the order of the day. At Netflix, where years of breakneck growth have enabled cost controls…



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