Netflix to Cut Nearly 1,000 Jobs, Focused on Product and Support Teams
Netflix is cutting about 6% of its workforce, close to 1,000 jobs.
The company confirmed the cuts to TechCrunch on Oct. 14, 2026. TechCrunch
The Wall Street Journal first reported the reduction, citing an internal memo to employees. The memo was written by co-CEOs Ted Sarandos and Greg Peters. TechCrunch
Most of the cuts will fall on product, technology, legal and human resources teams — the groups that build and maintain internal systems and handle legal and staffing work. Netflix had 16,000 full-time employees at the end of last year. TechCrunch
Netflix said it will keep investing heavily in high-impact areas and remains on track to meet its full-year forecast. A 6% cut from a base of 16,000 aligns with the figure of close to 1,000 roles.
For context on the business, Netflix reported $45.2 billion in revenue in 2025. Advertising revenue that year rose to more than $1.5 billion. TechCrunch
The Oct. 14 confirmation followed earlier reporting of a smaller cut. On Oct. 9, Puck News reported Netflix was planning to cut about 5% of its workforce. Reuters That reporting put the timing as early as next week. Variety
This is not the first reduction of this size in recent years. In May 2022, Netflix laid off about 150 staff.
The broader context here is organizational rather than purely financial. Teams that build internal tools and handle legal and personnel work carry steady costs. They do not rise or fall directly with how many shows are made or how many people stream them, in the way content spending or server capacity does.
In my view, where the cuts fall matters more than the 6% headline. When product and technology teams shrink, companies usually consolidate plans, run fewer side projects, and focus on core systems. Smaller legal and HR teams point the same way, toward lower overhead while protecting work the company sees as high impact.
Worth flagging for anyone working in tech, a profitable company can still restructure. Revenue growth and a growing ads business do not rule out headcount discipline. Over time, I have seen this kind of reset leave tech groups leaner and more focused on services people actually use, which is where lasting value tends to build.
