Photo : QuibiAfter a lukewarm launch and less-than-encouraging revelations about the company’s subscription figures, Quibi’s senior executives will take pay cuts as the short-form streaming service looks to cut costs.
Citing a source familiar with the matter, the paper reported that the company has “discussed” layoffs for roughly 10 percent of the company’s 250 employees.
Quibi did, in fact, roll out TV sreencasting support last week for Apple TV users, but it’s possible the feature has already arrived too late.
But Quibi always seemed like a service nobody really asked for.
Pandemic or not, it’s starting to look like one that viewers don’t actually want either.

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