Netflix cuts about 1,000 jobs
The gist
Netflix is cutting about 1,000 jobs, 6% of its global staff, its biggest layoffs since 2022.
The cuts hit product, tech, legal and HR as growth and viewer engagement slow.
How it unfolded
- Oct 14, 2026Netflix cuts 6% of its global staff, or about 1,000 positions, its biggest round of layoffs since 2022, as it struggles with slowing growth and customer engagement.
- Oct 14, 2026Co-Chief Executives Greg Peters and Ted Sarandos tell employees in a Wednesday morning email that the bulk of the cuts would be in the product, tech, legal and human-resources teams.
- Oct 14, 2026The layoffs are first reported by the Wall Street Journal, citing an internal memo sent to employees; Netflix confirms the layoffs to TechCrunch.