Business · Companies · 1 day ago
Netflix plans to cut about 5% of its workforce after Warner deal falls through
Netflix plans to cut about 5% of its workers starting next week.
The company’s attempt to buy Warner Bros did not succeed; Skydance acquired Warner Bros this week.
Netflix shares have fallen about 42% since its bid began last year.
The company has also faced slower sales and challenges keeping viewers.
It is adding live events, podcasts and games as it looks for ways to grow.
Netflix plans to cut about 5% of its workforce starting next week, according to the Puck newsletter.
The company had 16,000 full-time employees at the end of last year, with 68% in the United States.
Warner Bros was acquired this week by Skydance after Netflix’s attempt to acquire it.
Netflix shares have lost about 42% of their value since the company began its acquisition attempt last year.
A Netflix spokesperson declined to comment, and the company is due to report financial results on October 20.
- Who
- Netflix plans to cut about 5% of its workforce.
- What
- The company plans workforce reductions.
- When
- Starting next week, according to the report published October 9, 2026.
- Where
- Not stated.
- Why
- Not stated.
This story does not have two clearly opposing sides.
No direct quotes in the coverage so far.
Netflix began its attempt to acquire Warner Bros.
Warner Bros was acquired by Skydance.
Netflix plans to begin cutting about 5% of its workforce.
Netflix is due to present its financial results.
- Planned workforce cuts
- About 5%
- Full-time employees
- 16,000 at the end of last year
- Employees in the United States
- 68% of the workforce at the end of last year
- Change in share value
- Down about 42% since Netflix began its Warner Bros acquisition attempt
- Financial results
- Due October 20
Sources
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