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Wed, 14 Oct 2026

Wed, 14 Oct 2026 Netflix to shed 1,000 jobs in steepest cuts since 2022

The cuts equate to around 6% of the streaming giant's total workforce worldwide.

* Netflix will cut 1,000 jobs globally, mainly from its human resources, legal, product, and technology teams.
* The cuts represent around 6% of the company's total workforce and is the steepest since 2022.
* The decision comes as the streaming giant faces increased competition from rivals such as YouTube and TikTok.
* Netflix's co-chief executives said in an email to staff that the company will "continue to invest aggressively" in areas that drive growth and innovation.
* Managers will inform employees if their job has been cut soon, with the company set to report its latest results on October 20.
* The cuts come as investors weigh up user engagement, with Netflix reliant on a subscription business that may be approaching a plateau.