Netflix is reportedly preparing to cut about 1,000 jobs worldwide, or roughly 6% of its workforce, in its largest round of layoffs since 2022, according to The Wall Street Journal. The report, published Wednesday, cited an internal email from co-CEOs Ted Sarandos and Greg Peters to employees.
The reductions are expected to reach several departments, including product, technology, legal and human resources, the Journal reported. Netflix did not immediately respond to Fox Business’ request for comment about the reported plans.
The news comes less than a week before Netflix is scheduled to release its third-quarter financial results on Oct. 20. According to the Journal’s account, Sarandos and Peters told employees the company remained on course to meet its full-year financial forecast. They also said Netflix would continue funding key priorities while being more selective about how it allocates resources.
Netflix is contending with competition for viewers while pursuing businesses beyond its core subscription streaming service. The company has expanded into advertising, live programming and gaming as it seeks additional sources of revenue, the supplied report said. It did not link specific business initiatives to the reported reductions.
Netflix disclosed about 16,000 full-time employees as of Dec. 31, 2025, in its annual filing with the Securities and Exchange Commission. The filing put about 10,900 of those employees in the United States and Canada. The reported reduction of roughly 1,000 jobs would represent approximately 6% of the workforce, according to the Journal report.
Reports of possible cuts had surfaced before Wednesday. Puck News previously reported that Netflix was preparing to eliminate about 5% of its staff. Reuters reported Oct. 9 that Netflix declined to comment on that earlier report. The supplied material does not establish whether the earlier estimate and the current reported figure were based on the same plans.
Netflix’s last substantial workforce reductions took place in 2022, when it eliminated hundreds of positions after the company recorded its first quarterly subscriber decline in more than a decade, according to the report.
The reported layoffs also follow Netflix’s unsuccessful effort to acquire Warner Bros. Discovery’s streaming and studio assets. Netflix said in February that it would not increase its offer. Paramount Skydance subsequently completed an approximately $110 billion acquisition of Warner Bros. Discovery earlier this month, the supplied material said. It did not state that the acquisition caused Netflix’s reported job cuts.
