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  4. Netflix looks to control cloud computing costs with AWS - WSJ
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Netflix looks to control cloud computing costs with AWS - WSJ

(Reuters) - Netflix Inc (NASDAQ:NFLX) is trying to better control rising cloud computing costs with longtime cloud partner Amazon (NASDAQ:AMZN) Web Services as part of its efforts...
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Netflix looks to control cloud computing costs with AWS - WSJ © Reuters. Signage at the Netflix booth is seen on the convention floor at Comic-Con International in San Diego, California, U.S., July 21, 2022. REUTERS/Bing Guan

(Reuters) - Netflix Inc (NASDAQ:NFLX) is trying to better control rising cloud computing costs with longtime cloud partner Amazon (NASDAQ:AMZN) 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, the report https://on.wsj.com/3evJKH5 said.

The company, which is struggling with lost subscribers and increased competition from companies including Walt Disney (NYSE:DIS) Co and Apple Inc (NASDAQ:AAPL), 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 cost. (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.

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01-05-2024 10:45:17 (UTC+7)

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1.0658

-0.0008 (-0.07%)

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157.91

+0.12 (+0.07%)

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0.6469

-0.0003 (-0.05%)

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1.3780

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168.32

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0.9808

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4.5305

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85.62

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Euro Stoxx 50

4,920.55

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DAX

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 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
 Euro Stoxx 504,920.55↑ Sell
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 DAX17,921.95↑ Sell
 FTSE 1008,144.13Sell
 Hang Seng17,763.03↑ Sell
 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
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Sản phẩmVùng 1Vùng 2
RON 95-V25.44025.940
RON 95-III24.91025.400
E5 RON 92-II23.91024.380
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USD25.088,0025.458,00
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GBP30.873,5232.211,36
JPY156,74166,02
KRW15,9219,31
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