Netflix plans to eliminate around 6% of its global workforce, equivalent to approximately 1,000 jobs, as the streaming giant responds to slower-than-expected growth and seeks to sharpen its business priorities.
Co-chief executives Greg Peters and Ted Sarandos announced the cuts in a message to employees, according to reports by The Wall Street Journal and the Associated Press. The reductions will affect departments including human resources, legal and technology.
Netflix employed around 16,000 people at the end of 2025, meaning the planned cuts would affect roughly one in every 17 employees. The Wall Street Journal described the move as the company’s largest round of layoffs since 2022.
“Decisions like these are never easy, and we do not take them lightly,” the co-chief executives said in their message to staff.
Sarandos recently acknowledged at a conference that Netflix was growing more slowly than he would like. Despite the slowdown, the company remains the leading player in the streaming market, with more than 325 million subscriber households at the end of 2025. Netflix now reports subscriber figures less frequently.
The company is also facing intensifying competition in the entertainment industry. Last year, Netflix attempted to acquire Warner Bros’ studio business but was outbid by Paramount. Paramount is now seeking to strengthen its position against Netflix through Warner Bros and its streaming service, HBO Max.
Peters and Sarandos said Netflix would continue investing in areas with strong growth potential, while stressing the need for discipline and clear priorities.
The job cuts come ahead of Netflix’s latest quarterly earnings report, due next week. Its forecast for the third quarter had fallen short of analysts’ expectations.
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