Netflix To Cut Nearly 1,000 Jobs In Workforce Restructuring

Netflix plans to cut roughly 6% of its workforce, affecting nearly 1,000 employees, according to a memo obtained by CNBC. The layoffs will primarily affect its product, technology, legal and human resources departments.

Co-CEOs Ted Sarandos and Greg Peters told employees that the company’s business remained strong and was on track to meet its full-year financial forecast. However, they said Netflix would make selective staffing and investment decisions to focus resources on areas expected to support growth and innovation.

At a Bloomberg Screentime conference last month, Sarandos acknowledged that Netflix was not expanding as quickly as he wanted.

Related Tweet:

Netflix has laid off around 1,000 employees. This represents 6% of their workforce - the biggest layoff to date in the company's history. (Source: https://t.co/mQ0d1rqmR2) https://t.co/VixC4z7x2H

— DiscussingFilm (@DiscussingFilm) October 14, 2026

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