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Navigating Strain and Reorganization in the Service Industry
Maintaining a service can be immensely demanding, especially following lay-offs. Criterion channel experienced strain after laying off 20% of its staff in late 2022. Despite rehiring some staff due to financial improvement, individuals like Altman, previously laid off and rehired on a freelance basis, believed in perseverance. Altman emphasized the essence of facing challenges head-on, akin to the approach taken with Criterion's laser discs and DVDs, amidst the competitive landscape of streaming services.