Netflix Plans About 1,000 Layoffs, Including Product And Tech Roles
Netflix confirmed plans to cut roughly 6% of its workforce while saying it remains on track to meet its full-year forecast.
Netflix plans to lay off close to 1,000 employees, or about 6% of its workforce, the company confirmed to TechCrunch. Most of the cuts will affect product, technology, legal and human resources, Netflix told the outlet. Engadget described the move as the company’s largest round of job cuts since 2022.
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What Netflix Has Said
Netflix had 16,000 full-time employees at the end of last year, according to a regulatory filing cited by TechCrunch. The Wall Street Journal first reported the planned cuts after obtaining an internal memo, TechCrunch said.
In that memo, co-CEOs Ted Sarandos and Greg Peters said Netflix needed to be disciplined in how it assigned people and resources to pursue its goals, according to both reports. The company told TechCrunch it would keep investing heavily in areas it considers high impact and said it remained on track to meet its full-year forecast. Neither report specified when the layoffs would be completed.
Engadget said the planned reduction would be Netflix’s biggest since 2022, when roughly 450 employees lost their jobs. The new round is more than twice that size, based on the figures Engadget reported.
Business Context
The cuts follow Netflix’s unsuccessful pursuit of Warner Bros. Discovery’s streaming and studio businesses. TechCrunch described the outcome as a loss to Paramount Skydance after a prolonged bidding contest. Engadget said Netflix had backed away from its bid earlier this year.
Both outlets reported that Netflix brought in $45.2 billion in revenue in 2025. TechCrunch also said the company reported more than $1.5 billion in advertising revenue. Engadget noted that the revenue figure does not, by itself, suggest a company in crisis, while the executives’ memo characterized Netflix’s business as strong and growing.
TechCrunch placed the layoffs amid growing competition for viewers’ attention from YouTube, TikTok, Instagram and other social platforms. It reported that Netflix has raised prices, expanded its ad-supported tier and invested in live events, sports, games and children’s programming. The company has also explored AI-supported features, video podcasts and short-form video, according to TechCrunch.
What It Means for Tech Workers
The clearest immediate workforce impact is on the teams Netflix identified to TechCrunch: product, technology, legal and human resources. The reports do not say how many jobs will be cut in each department or where affected employees work, so they do not establish a specific impact on workers in the United States or Israel. Netflix’s stated plan to continue investing in selected areas also does not specify whether it will hire for those areas.
Sources
This story was compiled by AI from the reports below. Read the originals for the full details.