Netflix plans to cut about 5% of staff, report says

Netflix is planning to cut about 5% of its workforce, according to a Puck News report cited by Variety.

The restructuring affecting those roles could be announced as early as next week, the report said. A Netflix spokesperson declined to comment.

Netflix employed about 16,000 full-time staff at the end of 2025, according to figures cited in the report. A 5% reduction on that headcount, meaning total staff, would affect around 800 jobs.

About 68% of the organisation's labour force, or about 10,900 people, were based in the United States and Canada as of December. The report did not specify which teams or countries would be affected.

If the planned cuts go ahead at that scale, they would exceed the company's last major redundancies in 2022, when about 450 staffers were cut. That earlier round followed a separate cut in May 2022 of about 150 employees, mostly in the US.

That May 2022 reduction represented about 2% of its workforce in the US and Canada at the time, Reuters reported.

Earlier in 2026, Netflix let go several dozen members of its global product team. The product division, the group behind the streaming app and its underlying systems, employs about 6,000 people, according to a Deadline layoffs tracker published on 29 September.

That tracker said the earlier cut amounted to less than 1% of the product division and affected middle management roles. It is separate from the 5% reduction now reported as planned.

Puck's report was published on Friday, 9 October, as also reported by Reuters. Netflix is scheduled to report third-quarter 2026 earnings on Tuesday, 20 October after market close, meaning after US stock markets shut for the day.

The exact timetable is not confirmed. No details on severance, office closures or effects on programming have been announced.