Netflix to Cut About 1,000 Jobs in Largest Layoff Round Since 2022
publishers 63articles 70first reported 9 Oct, 13:30 UTCdeveloping since 9 Oct · 17 editions
Netflix is cutting about 1,000 jobs globally, or roughly 6% of its workforce, in its largest round of layoffs since 2022.
The reductions will primarily affect the company’s product, technology, legal and human resources teams, co-chief executives Ted Sarandos and Greg Peters said in a memo to employees. Netflix had about 16,000 full-time employees at the end of 2025, according to regulatory filings.
“Our mission—to entertain the world—is ambitious, and delivering on it requires us to be disciplined about where we prioritize our people and resources,” Sarandos and Peters wrote. They said the company remains on track to meet its full-year forecast and will continue investing in areas intended to improve its service and support growth and innovation.
The cuts come as Netflix competes for viewers’ attention with other streaming services and free platforms including YouTube and TikTok. The company has sought additional growth through its advertising-supported subscription tier, live events and sports, gaming, podcasts and other programming.
Netflix reported approximately $45.2 billion in revenue in 2025. Its previous major workforce reduction came in 2022, when it eliminated about 450 jobs after reporting its first subscriber loss in more than a decade. The company is scheduled to report its latest financial results on October 20.
HOW THIS STORY WAS MADE
Written from 8 articles, 5 with the publisher's own text; 8 independent newsrooms once syndicated copies count as one; this version written 172 h after the record first saw the story; the editor kept it as written.
- Publishers
- 63
- Source articles
- 70
- Given to the writer
- 8, 5 with the article's own text
- Independent newsrooms
- 8
- This version written
- 172 h after the record first saw the story
- Second model (editor)
- kept as written
- Publication gate
- passed
- Human review
- none
WHAT THE EDITOR DID
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