Netflix reportedly plans to lay off about 5% of its workforce, roughly 800 jobs, as soon as next week
Article excerpt
Netflix is planning a major round of lay off that could be announced as early as next week. The restructuring would affect about 5% of staff. Netflix has not confirmed the plan. Several media reports give a percentage and a rough timeline. They do not give a final job count. They also do not say which departments would be hit hardest. That is the biggest open question. Netflix said it had about 16,000 full-time employees at the end of 2025. A 5% cut would remove around 800 jobs. About 68% of Netflix workers, roughly 10,900 people, were in the US and Canada as of December. The report does not say how the cuts would be split by region. Netflix reports third-quarter earnings on Tuesday, Oct. 20, after the market closes. The earnings date is the next fixed event for investors. Any layoff announcement could come before it or around it. Netflix has not said which. Co-CEO Ted Sarandos spoke last month at the Bloomberg Screentime conference in Los Angeles. He said the company is growing. He noted that Netflix posted double-digit revenue gains in every geographic region in the second quarter. He also said the company wants to grow faster. Variety notes that engagement rose 2% year over year in the first half of 2026. The numbers show growth. They also show a company that wants more of it. This would not be the first reduction of 2026. Netflix laid off...
Keep reading with a free account
The rest of this article, and every signal for Netflix, is in your free account.
Extracted from this sentence
Netflix has entered an $83 billion deal to acquire Warner Bros.
