Netflix to carry out its largest staff reduction since 2022
Netflix is cutting about 1,000 jobs, roughly 6% of its workforce, in its largest layoffs since 2022. Co-CEOs Greg Peters and Ted Sarandos announced the cuts in an email to employees, citing the need for discipline in prioritizing people and resources. Most layoffs will affect product development, technology, legal, and HR divisions. Netflix had about 16,000 full-time employees at the end of 2025, and its market capitalization has fallen nearly 25% since the start of 2026.














