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Netflix Giving Up 180K SF In Burbank Amid Subscriber Loss, Layoffs

Good afternoon Los Angeles, hope everyone is having a great summer. Let’s check out some real estate news…Do you know that Netflix lost 200,000 subscribers for the first time in the past 10 years? With this loss of subscribers, Netflix has laid off almost 500 employees since the beginning of 2022. Under this circumstance, Netflix has decided to sublet or end their lease agreements at a few of their office locations that are not fully used.. check out the full article.