Netflix has announced approximately 150 layoffs, and this may mean major things in the world of streamed television. When online streaming services first began, Netflix was the only game in town. There was a time when Netflix was THE streaming service. Now, every independent organization - Hulu, Peacock, HBO Max, Disney+, Apple TV+, Paramount+ - has their own streaming service. Other streaming services, such as Apple TV+, were pioneers in creating their own content, giving viewers specific reasons to seek them out.

Source: Los Angeles Times May 18, 2022 19:33 UTC