Netflix begins layoffs at entertainment site launched in December

Streaming giant Netflix this week reportedly began laying off employees of its sister entertainment site Tudum just four short months after the site launched.

Tudum — the title a phonetic rendering of the streaming service's intro sound — offers news of, and behind-the-scenes looks at, original Netflix programming, including hits such as "Stranger Things." 

Netflix told the website Protocol that it had no plans to shutter Tudum and that the website remains "an important priority for the company."

The layoffs come shortly after quarterly reports revealed that Netflix had lost subscribers for the first time in more than a decade, news that sent shares of the company plunging.