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Here is why Netflix is phasing out lowest priced basic plans in Canada, UK

Netflix plans to discontinue its lowest-priced Basic plan without ads in Canada and the UK by Q2 2024

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Netflix lays off 150 US-based employees due to slow revenue growth

"These changes are primarily driven by business needs rather than individual performance, which makes them especially tough as none of us want to say goodbye to such great colleagues." Netflix wrote to its employees.

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