Netflix Cuts About 1,000 Jobs, Eliminating 6% of Its Global Workforce

Netflix is cutting about 6% of its global workforce, or approximately 1,000 positions. Bloomberg Technology attributed the initial report to the Wall Street Journal and described the streaming company as struggling with slowing growth.

The cuts follow earlier layoff warnings, according to Forbes. The supplied coverage does not detail those warnings or establish when they were issued.

On October 14, Deadline Hollywood reported that the layoffs had begun. It described the action as Netflix's biggest round of job cuts in four years, affecting about 1,000 employees globally.

The impact is concentrated in several corporate functions. Forbes reported that product, technology, legal and human resources teams would account for the bulk of the cuts. India Today identified product and technology as the hardest-hit teams.

Reports agreed on the approximate size of the cuts but differed in their descriptions of the historical scale. Variety Movies called this Netflix's biggest layoff to date, while The Hollywood Reporter described it as the largest since 2022. The supplied coverage does not resolve that difference.

The layoffs are underway, rather than merely being considered, according to Deadline Hollywood. The reported total remains approximate: about 1,000 jobs, equivalent to 6% of global staff.

The Hollywood Reporter described Netflix as seeking a reset in its business. The available reports do not provide a country-by-country breakdown, a completion date or detailed plans for the teams losing staff.

The immediate unanswered questions are how the cuts will be distributed within the affected teams and when the process will be completed. Although the layoffs cover Netflix's global workforce, the supplied coverage does not establish how many positions will be lost in the United States.