Netflix is cutting about 6 percent of its workforce, roughly 1,000 of about 16,000 full time staff, in its biggest layoff round since 2022, according to a Wednesday morning email from co-chief executives Greg Peters and Ted Sarandos reported by the Wall Street Journal and carried by Reuters. The bulk of the cuts fall in product, technology, legal and human resources, and Netflix did not immediately respond to a request for comment. The company has been spending on advertising, live programming and gaming after losing the contest for Warner Bros Discovery’s studio and streaming assets to Paramount Skydance earlier this year.
Netflix cuts about 6 percent of jobs in biggest layoff since 2022
Netflix is cutting about 6 percent of its workforce, roughly 1,000 jobs, in its biggest round of layoffs since 2022, the Wall Street Journal reported on Wednesday, citing an email from the co-chief executives to staff.
Why it matters: The cuts, concentrated in product, technology, legal and human resources, land months after Netflix lost the Warner Bros Discovery bidding war to Paramount Skydance, whose $110 billion acquisition closed this month.
Data as of Wednesday, October 14, 2026. Reuters wire report, read in full, based on the Wall Street Journal's account of a staff email; El País carried the same figures (in Spanish). Netflix had not responded to Reuters' request for comment, so graded C. Developing item, 2 to 3 sentences by design.
Sources
- Netflix cuts about 6% of jobs in biggest layoff since 2022, WSJ reports · Reuters · 2026-10-14
- Netflix recorta alrededor del 6% de la plantilla en la mayor ronda de despidos desde 2022 · El País · 2026-10-14