The latest news about layoffs in Los Angeles' tech and startup sectors from dot.LA

Netflix is laying off roughly 150 people after the streaming giant lost subscribers last quarter.

In a statement to dot.LA, a Netflix spokesperson said the company’s slowing revenue growth means it must rein in its costs.

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Virgin Hyperloop has laid off roughly half of its staff as it pivots its high-speed vacuum train technology away from passenger transportation and toward shipping freight due to regulatory and supply chain issues.

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