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Politics · October 14, 2026

Netflix laying off 6 percent of its workforce, marking biggest round of job cuts in years

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Netflix has announced plans to lay off approximately 6% of its global workforce, amounting to roughly 1,000 employees. The decision was communicated via a memo from co-CEOs Ted Sarandos and Greg Peters, identifying the product, technology, legal, and human resources departments as the primary areas affected. Despite the cuts, which mark the company's largest reduction since 2022, leadership maintained that the business remains strong and growing. The move comes as the streaming giant faces slowing growth and increased competition in the market.

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Reported across the spectrum

  • Netflix is laying off roughly 6% of its workforce.
  • The layoffs involve approximately 1,000 positions globally.
  • The cuts primarily impact product, technology, legal, and human resources departments.
  • The announcement was made via a memo/email from co-CEOs Ted Sarandos and Greg Peters.
  • This represents the company's largest workforce reduction since 2022.
  • The news was first reported by the Wall Street Journal.

Reported by only some outlets

  • Netflix had roughly 16,000 full-time employees as of December 2025.
  • Netflix shares have fallen nearly 43% over the last 12 months.
  • Netflix's 2025 revenue was approximately $45 billion, a 16% increase from the prior year.
  • Netflix has introduced video podcasts and bundled offerings to increase engagement.
  • S&P Global estimates Netflix had 327.7 million subscribers at the end of last year.

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CadNews does not determine absolute truth or endorse political viewpoints. It compares publicly available reporting, identifies shared facts, highlights framing differences, and flags uncertainty.