The Netflix logo is displayed on a smartphone screen.Rafael Henrique/SOPA Images/LightRocket via Getty Images Netflix is laying off "around 150" people, mostly in the United States, the company said on Tuesday. The reason for the layoffs, Netflix said, is "slowing revenue growth." In April, Netflix reported that it lost subscribers for the first time in over a decade. On the heels of an unusually rough quarter and a forecasted decline of 2 million subscribers, Netflix laid off approximately 150 people on Tuesday.