Netflix cuts about 1,000 jobs as growth slows
TV/Movies · Wednesday, October 14, 2026 · 9 sources

Netflix cuts about 1,000 jobs as growth slows

Netflix is cutting roughly 1,000 jobs globally, about 6% of its workforce, in its biggest round of layoffs since 2022. Co-CEOs Ted Sarandos and Greg Peters said in an internal memo that most cuts will affect product, technology, legal and human-resources teams; Netflix says it remains on track to meet its full-year forecast.

Bottom line — Netflix is due to report its latest results on 20 October, after cutting about 1,000 jobs.

Go deeper 5

  1. Netflix had about 16,000 employees at the end of 2025, according to its securities filing cited by CBS News and TheWrap.

  2. Ted Sarandos said last month that Netflix was “not growing as fast as I want us to”, according to CNBC and the BBC.

  3. The Guardian reports that investor concern centres on engagement as YouTube and TikTok draw viewers with free, user-generated content.

  4. Ross Benes, a senior analyst at eMarketer, told the BBC and the Guardian that Netflix remains reliant on subscriptions and has struggled to find another major revenue stream.

  5. Netflix says it plans to keep investing in areas it considers high-impact, including improvements to its service, according to the co-CEOs’ memo.

Read the reporting 9

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Last generated: Oct 14, 6:15 PM UTC by wreetco

dstld. Your daily news summary designed to surface the news that matters from a European perspective. Curated by humans, summarized by AI - always with links back to the original reporting.

Links · Contact
Popular topics · WorldEuropeGamesAI
Last generated: Oct 14, 6:15 PM UTC by wreetco