Sunita Somvanshi
Netflix is laying off approximately 1,000 employees, or roughly 6 percent of its workforce, according to a memo from co-CEOs Ted Sarandos and Greg Peters. The cuts represent the largest round of workforce reductions since 2022.
Product, technology, legal and human resources departments will experience the greatest impact. The company said it is making focused choices about where to prioritize people and resources. Notification processes vary by country due to different employment regulations.
Business Performance Context
Netflix’s latest filed quarterly report showed revenue grew 13 percent year over year in the second quarter of 2026. First-half revenue rose 15 percent compared to the prior year, driven by membership growth, price increases and higher advertising revenue.
The company described its business as strong and growing and said its full-year financial forecast remains on track. These layoffs are framed as a prioritization decision within a growing business, not a response to financial decline.
Workforce Scale
Netflix employed approximately 16,000 full-time employees at the end of 2025, according to its annual securities filing. The distribution was 10,900 in the United States and Canada; 2,500 in Europe, Middle East and Africa; 1,900 in Asia-Pacific; and 700 in Latin America.
One thousand employees represent 6.25 percent of that total, consistent with the company’s characterization of the cuts as roughly 6 percent.
What Comes Next
Netflix will report third-quarter earnings on October 20, 2026. That report will include financial results, guidance and opportunity for management to explain the workforce realignment in more detail to investors and the public.
The company has not disclosed severance amounts, restructuring costs, office closures or implementation timelines in accessible reporting. Those details may appear in securities filings or official statements as the company executes the plan.
