Netflix looks to control cloud computing costs with AWS
SUBSCRIBE
JOBS
Custom Image
Go Back
2 years ago 02:54:09pm Television

Netflix looks to control cloud computing costs with AWS

New Delhi, 19-October-2022, By IBW Team

Netflix rolling out profile transfer feature

Netflix Inc is trying to better control rising cloud computing costs with longtime cloud partner Amazon Web Services as part of its efforts to reduce total expenses, the Wall Street Journal reported on Wednesday, citing people familiar with that work.

The streaming giant is also hiring more junior staff, paring back its real-estate footprint and reducing the number of copies of data and content it stores around the world, Reuters reported.

The company, which is struggling with lost subscribers and increased competition from companies including Walt Disney Co and Apple Inc, did not immediately respond to a request for comment.

Netflix is trying to grow its subscriber base to as many as 500 million customers globally in the next three years. It lost 970,000 subscribers from April through June and offered a forecast below Wall Street expectations for the current quarter.

In June, Netflix said that it laid off 300 employees, or about 4% of its workforce, in the second round of job cuts to reign in costs. (https://reut.rs/3RrAthC)

According to the report, the California-based company is hiring more junior employees – from interns to recent college graduates – as part of an expanded “emerging talent” recruitment initiative.


Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts

Our Events

  • img
    SatCab Symposium

    SatCab symposium organized by Aavishkar Media Group is an annual event. It's a well-informed event where we have a panel discussion on the current affairs and future forecasting on our industry.

  • img
    BCS
    Ratna Awards

    BCS Ratna Award organized by Aavishkar Media Group is an annual event. In this award function, a community of our industry is honored by receiving the award for the contribution of their work.

  • img
    Chetna Yatra

    Chetna Yatra organized by Aavishkar Media Group is an annual event. Held by Dr. AK Rastogi, Chairman of Aavishkar Media Group. Pilgrimage India in his car for connecting the people of our industry.

  • img
    Imaan India Sammaan

    Imaan India Samman is an event mobilized by Aavishkar Media Group, which was launched in 2012. Giving the award to the NGOs for giving their contribution to society.

Youtube Videos