Netflix to cut roughly 6% of its workforce, its largest layoff since 2022

Netflix has initiated a significant reduction in its workforce, eliminating approximately 6 percent of its staff. This move represents the company’s largest round of job cuts since 2022. The decision was communicated to employees on the morning of October 14 through an email sent by co-chief executives Greg Peters and Ted Sarandos.

The layoffs are primarily concentrated within the streaming company’s product, technology, legal, and human resources departments. Based on the company's reported headcount of roughly 16,000 full-time employees at the end of 2025, these cuts equate to approximately 1,000 positions.

The reduction in staff occurs as Netflix navigates a highly competitive and consolidated media landscape. The company has been working to diversify its revenue streams by expanding beyond its traditional subscription model, specifically through increased investments in advertising, live programming, and gaming.

These organizational changes follow a period of strategic shifts for the firm. Earlier in 2026, Netflix participated in a bidding process for the streaming and studio assets of Warner Bros. Discovery, though the company was ultimately unsuccessful. That acquisition was completed in October 2026 by Paramount Skydance, resulting in the formation of a new media entity.

Netflix did not immediately provide a comment regarding the workforce reduction following the announcement. The company continues to adjust its operations to maintain its position within the evolving global streaming market.