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Netflix is laying off 6% of its workforce, in biggest round of job cuts at streaming giant in years

Marcus Chen
Managing Editor · Wednesday, October 14, 2026 at 4:02 PM · 1 min read
Netflix is laying off 6% of its workforce, in biggest round of job cuts at streaming giant in years — WPLG Local 10, Aventura Technology news
Image: WPLG Local 10

CHICAGO (AP) — Netflix plans to lay off about 6% of its workforce, amounting to nearly 1,000 positions, as the streaming giant makes wider “organizational changes.”Co-CEOs Greg Peters and Ted Sarandos announced the job cuts in a memo to employees Wednesday. They said the company's product, tech, legal and human resources teams would be the most impacted."Decisions like these are never easy, and we don’t take them lightly," Peters and Sarandos wrote in the memo, which was obtained by The Associated Press. They maintained business was strong — but that Netflix needed to be “disciplined about where we prioritize our people and resources" as it invests in future growth and “high impact areas to improve our service.”Beyond the memo from its chief executives, Netflix declined to comment further about Wednesday's cuts.Between membership signups and price increases, Netflix’s profit has grown this year. In its second financial quarter, the company earned $3.4 billion and racked up revenue of $

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