Business · Companies · 3 hrs ago
Netflix to cut about 1,000 jobs in its biggest layoffs since 2022
Netflix plans to cut about 1,000 jobs worldwide, its biggest round of layoffs since 2022.
The cuts amount to about 6% of the company's workforce.
Co-CEOs Greg Peters and Ted Sarandos told employees on Wednesday that product, technology, legal and human-resources teams would be most affected.
Netflix says its business is strong, but it wants to focus staff and resources on areas it sees as priorities.
The company faces a crowded streaming market, and concerns about slower growth and keeping viewers engaged have weighed on investor confidence.
Netflix is due to report its third-quarter earnings next week.
Netflix plans to cut about 6% of its global workforce, or roughly 1,000 jobs.
The layoffs are its biggest round since 2022, according to several reports.
Co-CEOs Greg Peters and Ted Sarandos announced the cuts in a memo to employees on Wednesday.
Product, technology, legal and human resources teams are expected to be most affected.
Netflix said its business is strong but that it must focus resources on areas intended to improve its service and support growth.
- Who
- Netflix plans to lay off roughly 1,000 employees.
- What
- The company is cutting about 6% of its global workforce.
- When
- The cuts were announced on Wednesday, October 14, 2026.
- Where
- The cuts affect Netflix staff globally.
- Why
- Netflix said it is making organizational changes and focusing resources on areas to improve its service and support growth. Some reports also cite slowing growth and customer engagement.
This story does not have two clearly opposing sides.
Ted Sarandos said Netflix was not growing as fast as he wanted during the Bloomberg Screentime summit.
Co-CEOs Greg Peters and Ted Sarandos announced the planned job cuts in a memo to employees.
Netflix is expected to report its third-quarter earnings.
- Planned job cuts
- About 1,000
- Share of workforce
- About 6%
- Most affected teams
- Product, technology, legal and human resources
- Employees at end of 2025
- About 16,000 full-time employees worldwide
- Second-quarter profit
- $3.4 billion
- Second-quarter revenue
- $12.56 billion
7 sources
‘Estas decisiones nunca son fáciles’: Netflix despedirá a mil empleados por problemas de crecimiento
Netflix is laying off 6% of its workforce, in its biggest round of job cuts in years
Netflix streicht rund tausend Jobs
Netflix axes 1,000 jobs
Netflix to lay off about 1,000 employees in biggest cuts since 2022
Netflix to lay off roughly 1,000 employees in biggest cut in years
Exclusive | Netflix Eliminates About 1,000 Jobs in Biggest Cuts Since 2022
What people are saying
Overall, we’re not growing as fast as I want us to, and we’re working on making that move faster
Decisions like these are never easy, and we don’t take them lightly