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Netflix to lay off about 1,000 employees in biggest cuts since 2022

The Guardian UK Wednesday 14 October 2026, 15:10 UTC By Reuters 1 min read
Key Points

Streaming company faces ⁠tough competition for viewers and engagement ⁠from legacy rivals ​and YouTubeNetflix is laying off 6% of its workforce, ⁠or roughly 1,000 employees, in its biggest cuts since 2022, according to an internal memo seen by Reuters, as the streaming pioneer faces ⁠tough competition for viewers ⁠from legacy rivals ​and YouTube. The bulk of the job cuts would be in Netflix’s product, tech, legal and human-resources teams, the email co-CEOs Greg Peters and ⁠Ted Sarandos sent...

Streaming company faces ⁠tough competition for viewers and engagement ⁠from legacy rivals ​and YouTube

Netflix is laying off 6% of its workforce, ⁠or roughly 1,000 employees, in its biggest cuts since 2022, according to an internal memo seen by Reuters, as the streaming pioneer faces ⁠tough competition for viewers ⁠from legacy rivals ​and YouTube.

The bulk of the job cuts would be in Netflix’s product, tech, legal and human-resources teams, the email co-CEOs Greg Peters and ⁠Ted Sarandos sent to employees on Wednesday showed.

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Netflix (ORG) YouTube (ORG) Greg Peters (PERSON) ⁠Ted Sarandos (ORG)
Originally published by The Guardian UK Read original →

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