Netflix has cut a further 300 staff after continuing to lose subscribers. It has lost 200,000 customers this year and by July expects this figure to rise to a staggering 2.2 million.
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Nokia has confirmed plans to cut a third of the workforce at its subsidiary Alcatel-Lucent. It comes just months after it announced that it would need to cut costs by a huge €500 million.
CEO of Yahoo, Marissa Mayer, has outlined a new plan which will re-focus the company on its core business offerings. Unfortunately the plan sees 15% of its workforce being cut.