Netflix Reportedly Prepares to Cut About 5% of Staff
Netflix is reportedly preparing layoffs that would affect roughly 5% of its workforce, with an announcement possibly coming next week. The company declined to comment, and it is unclear which departments would face the largest cuts. Netflix had about 16,000 full-time employees at the end of 2025, meaning the reduction could eliminate around 800 positions.
Netflix is reportedly preparing a restructuring that may be disclosed as soon as next week and could reduce its workforce by roughly 5%. Puck News attributed the report to unnamed sources; Netflix would not comment, and the departments most affected remain unspecified.
At the end of 2025, Netflix reported approximately 16,000 full-time employees, with about 10,900, or 68%, based in the U.S. and Canada. A 5% cut would mean about 800 roles. Its last major layoff, in 2022, removed about 450 positions after it lost 200,000 subscribers in a quarter. Smaller reductions have occurred since, including dozens in global product earlier in 2026. Netflix is due to report Q3 2026 earnings on Oct. 20.
If confirmed, the reported cuts could affect hundreds of Netflix employees and their households, particularly in the U.S. and Canada, where most staff are based. It may also ripple through the streaming sector if other companies interpret it as a sign to tighten costs. Subscribers might eventually notice changes in product development or content operations, though the report does not identify which teams would be hit.