Netflix has laid off about 150 staff, just a month after the entertainment giant said it was losing subscribers for the first time in a decade.

The redundancies, announced by the streaming service on Tuesday, will mainly affect its US office in California. They account for about 2% of its North American workforce.

Netflix said the job losses were due to the slump in the company's revenue.

The streaming service is battling an exodus of viewers this year.

[Source: BBC]