Netflix to cut 1,000 jobs, 6% of staff, amid slowing growth

AI-generated briefing by News4U · First published 2026-10-14 22:36:35 UTC

Netflix is laying off about 1,000 employees, mainly in product, tech, legal and HR, as it faces intensifying competition and slowing growth.

Netflix confirmed it will cut about 1,000 jobs, or 6% of its workforce, the steepest reductions since 2022, affecting mainly product, technology, legal and human resources teams. [1] [2] [3] [4] [5]

Co-CEOs Ted Sarandos and Greg Peters said the company will continue to invest in high-impact areas and remains on track to meet its full-year forecast; the cuts follow a failed bid for Warner Bros. Discovery assets. [2] [4]

Sources

1. Netflix Eliminates About 1,000 Jobs in Biggest Cuts Since 2022

   WSJ Business · 2026-10-14 13:07:00 UTC · Summary only

2. Netflix to lay off 1,000 staff amid intensifying competition for user attention

   TechCrunch · 2026-10-14 14:55:47 UTC · Full text

3. Netflix to cut 1,000 jobs as growth concerns mount

   Financial Times · 2026-10-14 14:57:17 UTC · Summary only

4. Netflix to lay off 1,000 staff in steepest cuts since 2022

   BBC Business · 2026-10-14 16:47:32 UTC · Full text

5. Netflix, Facing Slowing Growth, Cuts 6% of Its Work Force

   NY Times · 2026-10-14 17:21:26 UTC · Summary only

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