Netflix plans to cut about 1,000 jobs, report says

Netflix is planning to cut about 1,000 jobs worldwide, according to a report summarised by Nieuws.nl, citing several media outlets. The reductions would affect around 6 per cent of the streaming company’s global workforce. [1]

The report says most cuts will be in product, technology, legal and human-resources teams. The figure of about 1,000 would make this Netflix’s largest round of job cuts since 2022, according to The Wall Street Journal. [1]

The account says co-chief executives Greg Peters and Ted Sarandos told staff by email on Wednesday that the decisions were not taken lightly. It also reports that the executives said Netflix remained on course to meet its full-year expectations, despite slowing growth. [1]

Netflix had about 16,000 employees at the end of last year, with more than half based in the United States, the report says. [1]