Netflix is cutting 2,500 jobs in North America as it moves its headquarters to a new facility in Toronto.

    The Toronto-based streaming video company said Thursday it will hire about 3,500 employees in Toronto as it expands into the Toronto region.

    It said it expects the expansion to bring on up to 10,000 direct and indirect jobs in the region by the end of 2020.

    Netflix said the relocation is part of a larger global plan to bring its operations to Toronto.

    “We’re bringing our operations to the most vibrant, dynamic and dynamic city in the world, and the people of Toronto will continue to be a key part of that,” Netflix said in a statement.

    The company said the new office in Toronto will also include new production facilities, a research and development facility and a production office.

    Netflix has been operating in the U.S. for about two decades, and has a presence in more than 30 countries.

    The move comes after Netflix said it has cut more than 7,000 Canadian jobs in a bid to save money.

    It has said it plans to expand in Canada by 2020.

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    Netflix is cutting 2,500 jobs in North America as it moves its headquarters to a new facility in Toronto.

    The Toronto-based streaming video company said Thursday it will hire about 3,500 employees in Toronto as it expands into the Toronto region.

    It said it expects the expansion to bring on up to 10,000 direct and indirect jobs in the region by the end of 2020.

    Netflix said the relocation is part of a larger global plan to bring its operations to Toronto.

    “We’re bringing our operations to the most vibrant, dynamic and dynamic city in the world, and the people of Toronto will continue to be a key part of that,” Netflix said in a statement.

    The company said the new office in Toronto will also include new production facilities, a research and development facility and a production office.

    Netflix has been operating in the U.S. for about two decades, and has a presence in more than 30 countries.

    The move comes after Netflix said it has cut more than 7,000 Canadian jobs in a bid to save money.

    It has said it plans to expand in Canada by 2020.

    RELATED ARTICLES

    How to Get Rid of Your Tattoo Issues

    How to Remove Tattoos?How to Use Tattoos Removal Methods article The most common tattoo removal methods used by many people is the laser.Some people prefer to remove their tattoos with a surgical laser, but other people prefer using a surgical tattoo removal method that involves…