Netflix Lays Off 1,000 Employees as Company Cuts 6% of Staff

Netflix laid off roughly 1,000 employees, or about 6% of its staff, on Wednesday, as the megastreamer battles slowed growth. The majority of the cuts are in the product, tech, legal and human-resources teams, co-CEOs Ted Sarandos and Greg Peters said in an email to staff on Wednesday morning. "Our mission-to entertain the world-is ambitious, and delivering on it requires us to be disciplined about where we prioritize our people and resources," they said. The layoffs were first reported by the Wall Street Journal. As of the end of 2025, Netflix had approximately 16,000 full-time . . .