GoKawiilNetflix lays off about 1,000 employees, its largest cut to date
Netflix co-CEOs Ted Sarandos and Greg Peters confirmed in an internal memo, obtained by Variety, that the company is cutting roughly six percent of its workforce — around 1,000 jobs — mostly in product, technology, human resources, and legal teams. This surpasses earlier rounds of 150 and 300 layoffs in 2022 and follows a report last week suggesting a smaller five percent cut.
GoKawiil's interpretation of the reporting above, not reported fact.
The cuts come even as Netflix posted strong 2025 results, with revenue at $45.2 billion and net income at $11 billion, suggesting the layoffs are about reallocating resources rather than responding to financial distress. The company's framing about focusing on 'high-impact areas' hints at a strategic shift toward growth areas like advertising, which more than doubled its revenue year over year.
- Netflix is cutting about 1,000 jobs, or six percent of staff, its largest layoff round yet
- Cuts mainly target product, technology, HR, and legal departments
- The layoffs come despite rising revenue and profit, including growth in its ad-supported tier
Source: theverge.com — Andrew Liszewski, 2026-10-14
Published there as: “Netflix is laying off around 1,000 employees”
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