Netflix to lay off about 1,000 employees in biggest cuts since 2022
Netflix is laying off approximately 1,000 employees, representing 6% of its workforce, as it faces intense competition from rivals like YouTube and TikTok. The cuts primarily impact the company's product, tech, legal, and human resources departments.
Why it matters
The layoffs highlight the ongoing struggle of legacy streaming platforms to maintain growth and user engagement in an increasingly crowded digital media landscape.
The Netflix logo on a building in Los Angeles, California, on 29 May 2026. Photograph: Michael Yanow/NurPhoto/Getty Images The Netflix logo on a building in Los Angeles, California, on 29 May 2026. Photograph: Michael Yanow/NurPhoto/Getty Images Netflix Netflix to lay off about 1,000 employees in biggest cuts since 2022 Streaming company faces tough competition for viewers and engagement from legacy rivals and YouTube
Prefer the Guardian on Google Netflix is laying off 6% of its workforce, or roughly 1,000 employees, in its biggest cuts since 2022, according to an internal memo seen by Reuters, as the streaming pioneer faces tough competition for viewers from legacy rivals and YouTube.
The bulk of the job cuts would be in Netflix’s product, tech, legal and human-resources teams, the email co-CEOs Greg Peters and Ted Sarandos sent to employees on Wednesday showed.
Also covering this story
6 other newsrooms covered this event. We read each version separately.
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Netflix is cutting about 1,000 staffers in its biggest round of layoffs in years
Netflix to lay off roughly 1,000 employees, or 6% of workforce
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