Netflix Announces Largest Layoffs Since 2022
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Netflix has announced the elimination of roughly one thousand positions, representing about six percent of its workforce, in its most extensive job cuts to date.
The layoffs will primarily affect employees in product, technology, legal, and human resources teams, according to a memo from co‑CEOs Ted Sarandos and Greg Peters. The company, which serves more than three hundred twenty‑five million subscribers worldwide, reported double‑digit growth in revenue and profit in 2025, with $forty‑five point two billion in revenue and $eleven billion in net income.
However, engagement per user slowed in the first half of twenty‑six, prompting the restructuring. Netflix projects revenue of fifty‑one point zero to fifty‑one point four billion for twenty‑six, with an operating margin of thirty‑one point five percent, and plans to invest aggressively in high‑impact areas while making focused choices across the business.
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