Netflix reportedly cuts about 6% of jobs in biggest layoff since 2022
NFLX•NFLX•NFLX•NFLX•Netflix is cutting about 6% of its workforce, or roughly 1,000 jobs, in its biggest layoff round since 2022, a report said. The cuts would mainly affect product, tech, legal and human-resources teams.
Netflix is cutting roughly 1,000 jobs, or about 6% of its workforce, in its biggest round of layoffs since 2022. The cuts would mainly affect its product, tech, legal and human-resources teams, an email from Co-Chief Executives Greg Peters and Ted Sarandos said.
Netflix had about 16,000 full-time employees at the end of last year. It has been expanding beyond subscriptions through investments in advertising, live programming and gaming.
Netflix lost out to Paramount Skydance in the bidding war for Warner Bros Discovery’s streaming and studio assets earlier this year. Paramount completed its $110 billion acquisition of Warner Bros earlier this month.
