Netflix cuts about 1,000 jobs, its biggest layoff since 2022

Share of Netflix's workforce being cut

6 %

Netflix is cutting about 6 per cent of its workforce, roughly 1,000 jobs, mostly in its product, technology, legal and human-resources teams. It had about 16,000 employees at the end of last year.

“Our business is strong and growing, and we remain on track to deliver our full-year forecast.”

— Greg Peters and Ted Sarandos, co-CEOs

The company faces competition from free platforms such as YouTube and TikTok, and lost the race for Warner Bros to Paramount earlier this year. Its shares are down about 25 per cent this year.

Oct

Tuesday

Netflix quarterly results

Netflix reports its latest results on Oct 20. Managers will tell employees “soon” whether their job has been cut.

Tech · 19 d ago

Netflix cuts about 1,000 jobs, its biggest layoff since 2022

Netflix is cutting about 6 per cent of its workforce, roughly 1,000 jobs, mostly in its product, technology, legal and human-resources teams. It had about 16,000 employees at the end of last year.

“Our business is strong and growing, and we remain on track to deliver our full-year forecast.”

The company faces competition from free platforms such as YouTube and TikTok, and lost the race for Warner Bros to Paramount earlier this year. Its shares are down about 25 per cent this year.

Netflix reports its latest results on Oct 20. Managers will tell employees “soon” whether their job has been cut.

Netflix cuts about 1,000 jobs, its biggest layoff since 2022

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