Approximately 6% of Netflix's workforce, or roughly 1,000 employees, will be laid off in the streaming company's largest workforce reduction since 2022. The cuts primarily affect employees in product development, technology, legal, and human resources as Netflix reorganizes its operations to prioritize future growth. Despite maintaining that its business remains financially strong, company executives cited the need to allocate resources more strategically amid intensifying competition from YouTube, TikTok, and other streaming platforms. The announcement highlights continuing job insecurity in the technology and entertainment industries as employers restructure even while reporting business growth.
See "Netflix cuts about 6% of jobs in biggest layoff since 2022", Prathik Jayaprakash and Anzar Mehraj, Reuters, October 14, 2026