Business · October 14, 2026
Netflix cutting workforce as its revenue growth slows
Netflix has announced it is laying off approximately 1,000 employees, representing about 6% of its global workforce. The cuts primarily affect product, technology, legal, and human resources departments. Co-CEOs Ted Sarandos and Greg Peters stated the decision is part of a strategy to remain disciplined and prioritize resources for high-impact growth areas. Despite the layoffs, the company maintains it is on track to meet financial forecasts and remains profitable, though growth has slowed due to a saturated market and intense competition from rivals like Disney, YouTube, and TikTok.
Read the original coverage
- BBCCenter
Netflix to shed 1,000 jobs in steepest cuts since 2022
Read at BBC ↗ Netflix, Facing Slowing Growth, Cuts 6% of Its Work Force
Read at The New York Times ↗- NBC NewsCenter-left
Netflix to cut about 6% of worldwide staff
Read at NBC News ↗ - CBS NewsCenter-left
Netflix is cutting 6% of its workforce as its revenue growth slows
Read at CBS News ↗ - Washington TimesCenter-right
Netflix cuts 1,000 jobs, 6% of workforce, in largest layoff since 2022
Read at Washington Times ↗ - The HillCenter
Netflix laying off 6 percent of its workforce, marking biggest round of job cuts in years
Read at The Hill ↗ - The Daily WireRight
Netflix Drops The Ax In Biggest Shakeup In Years
Read at The Daily Wire ↗ - Just the NewsRight
Streaming titan Netflix to cut 6% of staff worldwide as it wrestles with slowing growth
Read at Just the News ↗ - EngadgetCenter
Netflix to lay off roughly 1,000 employees in biggest round of job cuts since 2022 - Engadget
Read at Engadget ↗ - CNBCCenter
Netflix to lay off roughly 1,000 employees, or 6% of workforce
Read at CNBC ↗
Reported across the spectrum
- Netflix is laying off approximately 1,000 employees, or about 6% of its workforce.
- The layoffs will primarily impact the product, technology, legal, and human resources departments.
- The news was first reported by the Wall Street Journal and confirmed via an internal memo from co-CEOs Ted Sarandos and Greg Peters.
- This is the company's largest workforce reduction since 2022.
- Netflix remains on track to deliver its full-year financial forecast.
Reported by only some outlets
- Netflix shares have fallen nearly 43% over the last 12 months.
- Netflix had roughly 16,000 full-time employees as of late 2025.
- The streaming industry is consolidating, highlighted by Paramount's $110 billion merger with Warner Bros.
- Netflix reportedly made an unsuccessful bid for Warner Bros. before being outbid by Paramount.
- User engagement (hours watched) grew by 2% year over year in the first half of 2026.
- Netflix reported revenue of $45.2 billion in 2025.
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