Netflix (NFLX): Cuts about 6% of staff, roughly 1,000 jobs, as viewing growth slows
Image: AI-generated image (ElevenLabs)
Netflix is cutting about 6% of its staff, roughly 1,000 jobs, its biggest round of cuts since 2022, the Wall Street Journal reports. Most cuts hit product, tech, legal and HR teams. Viewing hours grew just 2% in the first half of 2026, and the shares are down about 25% this year.
Why it matters Netflix is the world's biggest streaming service. Cutting jobs on this scale suggests it is trying to spend less while its growth slows, though the company has not said how much it expects to save.
What we verified The Wall Street Journal first reported the cuts, citing an email from co-CEOs Greg Peters and Ted Sarandos. Reuters, Deadline and Forbes all repeat about 6% of staff, or roughly 1,000 jobs. Outlets differ slightly on the headcount base (about 14,000 to 16,000 staff), so the exact number of jobs may vary.
More on Netflix (NFLX) · Technology & AI takes
Run the numbers yourself Try the investment calculators on persie.app . They are tools, not advice.
For information only. Not financial advice. See our disclaimer and editorial standards . Spotted an error? Tell us .
