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Netflix is laying off about 1,000 employees, or 6% of its global workforce, according to Variety. Co-CEOs Greg Peters and Ted Sarandos told staff in an email that the cuts will mostly affect product, technology, legal and human resources teams. The reductions come a week ahead of the company's quarterly earnings report.
US stock futures fell Thursday after a rough trading session, with investors again questioning returns on heavy AI spending. Separately, September's consumer price index came in hotter than expected, driven by rising energy costs, marking the 66th consecutive month inflation has topped the Federal Reserve's 2% target—the longest such run this century. Diesel prices also remain elevated ahead of the midterm elections despite a new US-Russia diesel agreement.
Fast-food chains are seeing adults aged 18 to 34 emerge as the fastest-growing group ordering kids' meals, even as children themselves increasingly favor other options like Korean barbecue over traditional burgers. McDonald's tapped into this shift in March by releasing a kids'-meal tie-in for 'KPop Demon Hunters,' an animated musical that became Netflix's most-watched film and drew heavy adult viewership.
Netflix has released a trailer for Greta Gerwig's adaptation of C.S. Lewis' The Magician's Nephew, scored to Led Zeppelin's "Stairway to Heaven" and featuring striking, psychedelic visuals. Gerwig has said the film draws inspiration from 1960s David Bowie but will not be a musical.
Netflix is cutting roughly 1,000 positions, about 6% of its workforce, which numbered around 16,000 last year, the Wall Street Journal reports. Co-CEOs Ted Sarandos and Greg Peters told staff in an email that the company must be disciplined about prioritizing resources while staying on track for its full-year forecast. The cuts follow Netflix's unsuccessful bid earlier this year to acquire Warner Bros., which ultimately went to Paramount Skydance.
Netflix has eliminated roughly 6% of its jobs, marking its biggest round of layoffs since 2022. The reduction affects staff across the company, though specific departments and total headcount impacted were not detailed.
Apple's updated CarPlay Developer Guide reveals that third-party video apps like YouTube and Netflix can appear on HomeView, but only if developers add support for CarPlay's video app entitlement. HomeView lacks an App Store, so compatibility hinges on this existing CarPlay framework rather than separate HomeView-specific development.
Netflix confirmed it is laying off close to 1,000 employees, about 6% of its 16,000-person staff, with most cuts concentrated in product, technology, legal and human resources. Co-CEOs Ted Sarandos and Greg Peters told staff in an internal memo, first reported by The Wall Street Journal, that the company must be disciplined about prioritizing people and resources, while maintaining it remains on track to meet its full-year financial forecast.
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.
Netflix co-CEOs Ted Sarandos and Greg Peters told staff in a Wednesday memo that the company is cutting roughly 6% of its workforce, around 1,000 positions. The affected roles are concentrated in product, legal, technology and human resources departments, marking Netflix's largest reduction in four years.
Netflix will stream all 104 matches of the 2030 FIFA World Cup to viewers in Spain and Andorra, marking its first-ever broadcast of the men's World Cup. One match per day, including all of Spain's games, both semi-finals and the final, will air free via national broadcasters to meet local legal requirements, while the rest will require a subscription. Netflix also plans pre-game, halftime, post-game and daily round-up shows throughout the tournament.
Media reports indicate Netflix is planning a significant round of job cuts, potentially its biggest in four years. The move comes as the streaming company faces slowing subscriber growth and a struggling stock performance heading into 2026.