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Netflix reduces workforce by one thousand employees

Multiple outlets report that Netflix is reducing its global workforce by about six percent, affecting around 1,000 employees across various departments.

Modern office interior with glass walls and reflections
Illustrative photo · Fer Troulik / Unsplash

At a glance

  • Netflix is reducing its staff by roughly 1,000 employees globally.23
  • The reduction amounts to approximately six percent of the company workforce.13

Netflix announced staff reductions affecting approximately 1,000 employees.23

The reductions represent about six percent of the total workforce worldwide.13

Company leaders stated in a memo that the reductions will impact product, tech, legal, and human resources teams.45

The streaming company faces slowing revenue growth, stalling engagement, and increased competition.145

Where sources agree

  • Netflix is laying off about 1,000 staff members3 of 5
  • The cuts represent 6% of the workforce2 of 5
  • Departments affected include product, tech, legal, and HR2 of 5

Who covered this

4 National1 International

Sources

  1. 1The New York TimesNetflix, Facing Slowing Growth, Cuts 6% of Its Work Force ↗
  2. 2DeadlineLisa Lang McMullen, James Oh, Andrew McQuinn & Carolina Garcia Among Netflix TV Execs Impacted By Layoffs ↗
  3. 3BBC NewsNetflix to lay off 1,000 staff in steepest cuts since 2022 ↗
  4. 4CBS NewsNetflix cutting workforce as its revenue growth slows ↗
  5. 5TechCrunchNetflix to lay off 1,000 staff amid intensifying competition for user attention ↗

Based on reporting from these reputable newsrooms and reviewed by Orbit’s editors. A fact appears only when at least two sources report it. Orbit is not affiliated with these publishers.

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