Netflix has laid off at least eight members of the editorial staff for its fan site, Tudum, just five months after it launched, according to TechCrunch. The layoffs come just days after the streaming giant reported its first decline in subscribers in over a decade, sending the stock down more than 40% over the past week. While Tudum is not a core business for Netflix, the layoffs raise the...
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Meta Declares ‘Year of Efficiency’ as Revenue Stagnates

We’re in the middle of Chinese New Year celebrations at the start of the Year of the Rabbit. At Meta Platforms, though, it’s the “year of efficiency,” as CEO Mark Zuckerberg declared Wednesday on announcing fourth-quarter results. Investors such as Altimeter Capital, which last fall called on Meta to streamline, will be happy. It’s just a pity that Meta, like much of big tech, appears to have...
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