ClickOnDetroit · October 14, 2026

Netflix Is Laying Off 6% of Its Workforce, Roughly 1,000 Employees, According to an Internal Memo Seen by Reuters

• Netflix is laying off 6% of its workforce, or roughly 1,000 employees, according to an internal memo seen by Reuters, cited in the report; the bulk of the cuts are in the product, technology, legal and human-resources teams, according to a memo from Co-Chief Executives Greg Peters and Ted Sarandos, cited in the report.
• The company had about 16,000 employees at the end of last year, and its shares rose 0.7% on Wednesday, according to the report.

Figures via an internal memo seen by Reuters, as reported. Original headline: "Netflix is laying off 6% of its workforce in biggest round of job cuts at streaming giant in years".