iWorld
Netflix adds 10.1 mn subscribers in Q2; warns of slow Q3 growth
KOLKATA: It’s not a surprise that Netflix has added 10.1 million paid subscribers in the second quarter of 2020. With the massive shelter-at-home mandate brought in by the Covid2019 pandemic leading to another phase of digital acceleration, the streaming services have emerged as beneficiaries. Although it has beaten the expectations for this quarter, the third quarter subscriber addition guidance is low as the world is gradually adjusting to the pandemic effect and may not jump onto new subscriptions to fight social distancing.
It forecasts 2.5 million paid net adds for the third quarter compared to 6.8 million in the prior-year quarter. “As we indicated in our Q1’20 letter, we’re expecting paid net adds will be down year over year in the second half as our strong first-half performance likely pulled forward some demand from the second half of the year,” Netflix said in a statement.
Netflix has added 26 million paid memberships in the first half of 2020 while it achieved 28 million in the year 2019. However, it has mentioned that the growth is slowing as consumers get through the initial shock of Covid2019 and social restrictions.
The streaming giant has reported $6.15 billion revenue, 25 per cent growth year over year, while quarterly operating income exceeded $1 billion. Average streaming paid memberships in Q2 rose 25 per cent year over year while streaming ARPU increased 0.4 per cent year over year. Netflix has given a third-quarter estimation of $6.33 billion.
“Since our content production lead time is long, our 2020 plans for launching original shows and films continue to be largely intact. For 2021, based on our current plan, we expect the paused productions will lead to a more second-half weighted content slate in terms of our big titles, although we anticipate the total number of originals for the full year will still be higher than 2020,” it said on the pandemic impact on the content slate.
It also spoke of competitors like WarnerMedia, Disney along with mentioning that Apple, Amazon have been growing their investment in premium content while also regarding TikTok as a competitor given its 'astounding' growth. However, it mentioned that Netflix continues to improve content and service at a faster pace compared to others.
iWorld
Mark Zuckerberg’s sharp advice on employee retention goes viral
“Treat your employees right, so they won’t use your Internet to search for a new job.”
MUMBAI: When your employees start browsing job sites on company Wi-Fi, it might be time to check the office culture not the bandwidth. A candid one-liner from Meta CEO Mark Zuckerberg is making waves once again for its blunt take on modern workplaces and the challenge of keeping talent happy.
“Treat your employees right, so they won’t use your Internet to search for a new job,” Zuckerberg reportedly said. While delivered with a light touch, the remark highlights a serious shift in today’s job market with opportunities just a few clicks away, employee dissatisfaction can quickly turn into quiet job hunting.
The comment comes amid widespread restructuring, automation, and layoffs across industries, which have added to employee uncertainty. According to Gallup’s State of the Global Workplace 2025 report, half of employees worldwide are actively looking for new jobs, pointing to deep levels of disengagement.
At its heart, Zuckerberg’s observation delivers a simple truth: employees who feel respected, supported, and valued are far less likely to start scrolling through LinkedIn during work hours. Today’s workforce increasingly prioritises factors beyond salary such as work culture, flexibility, growth opportunities, and recognition. When these are missing, disengagement builds silently.
The quote also reflects how job searches have become discreet. Many employees continue working normally while quietly exploring other options, making it harder for companies to spot early warning signs of attrition.
Zuckerberg’s remark serves as a timely reminder that retaining talent is no longer just about preventing exits, it’s about creating an environment where people genuinely don’t feel the need to leave.
In an era where the next opportunity is only a tab away, smart companies are realising that the best retention strategy might just be treating people so well that they never feel tempted to look elsewhere.
