Netflix is cutting about 6% of its global workforce, or roughly 1,000 jobs, in its biggest reductions since 2022.
An internal memo reviewed by Reuters and the Financial Times said the cuts will fall mainly on product, technology, legal and human-resources teams. Netflix had about 16,000 employees at the end of 2025, according to Reuters.
Executives call for more discipline
Co-CEOs Greg Peters and Ted Sarandos told employees that Netflix needed to be disciplined about where it prioritized people and resources. They also said the business remained strong and growing and was on track to meet its full-year forecast.
The cuts come as investors scrutinize how much time viewers spend on Netflix. Reuters reported that free, user-generated video on YouTube and TikTok gives those platforms a cost advantage, while the Financial Times said concerns about slowing engagement have weighed on Netflix's shares.
Netflix looks beyond subscriptions
Netflix has been trying to expand beyond subscriptions through advertising, live programming and gaming. The Financial Times also pointed to live sports, video podcasts and programs featuring YouTube creators as efforts to get subscribers to spend more time on the service.
The reductions arrive less than a week before Netflix is scheduled to release third-quarter results on October 20. The company's previous major layoffs came in 2022, when it cut about 450 jobs in two rounds after reporting its first subscriber decline in more than a decade.
