Netflix Layoffs 2026: Netflix to Cut 1,000 Jobs, Slashing 6% of Workforce in Biggest Reduction Since 2022 Amid Growth Slowdown and Rising Streaming Competition Globally

Netflix is reportedly planning to cut around 1,000 jobs, or 6% of its workforce, in its biggest workforce reduction since 2022. The layoffs are expected to affect product, technology, HR, and legal teams amid slowing growth and rising streaming competition. Netflix is scheduled to report quarterly earnings on October 20, 2026.

Netflix Layoffs 2026: Why Is Netflix Cutting 1,000 Jobs?

Netflix is reassessing its workforce and spending priorities as it looks to support long-term growth. Co-CEOs Ted Sarandos and Greg Peters said the company would continue investing in high-impact areas while making focused decisions about its resources.

Netflix Layoffs: Which Departments Will Be Affected?

The planned layoffs are expected to affect Netflix’s global operations, particularly:

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• Product: Streaming platform and user experience teams.

• Technology: Technical infrastructure and digital services teams.

• Human Resources: Recruitment and employee management teams.

• Legal: Legal and regulatory teams.

Netflix has not provided a detailed breakdown of job cuts by department.

Netflix Job Cuts 2026: What Did Ted Sarandos and Greg Peters Say?