Netflix (NFLX) Cuts Over 100 Shows to Reduce Programming Costs
Netflix (NFLX) is keeping no stone unturned to boost its expansion strategies by reducing its output while growing its sales. As part of this strategy, Netflix recently announced cutting more than 100 shows.This comes after two strikes by writers and actors shut down production across the United States in 2023, and as a result, Netflix released 16% fewer original programs than in 2022. The decline in the company’s total output started in early 2022 and has been declining ever since.As part of its goal to re ...