Netflix to cut about 1,000 jobs, about 6% of workforce, largest layoffs since 2022

The company employed about 16,000 people at the end of last year, more than half of whom work in the US.

Netflix is cutting about 1,000 jobs, roughly 6% of its global workforce, in its biggest round of layoffs since 2022, the Wall Street Journal reported. Co-CEOs Greg Peters and Ted Sarandos told employees the Netflix job cuts will mostly hit product, tech, legal and HR teams. The layoffs come amid slowing viewer engagement, a falling share price and a week before its third-quarter earnings.

Streaming group faces pressure to boost viewer engagement after shares fall more than 40% in a year

Netflix will lay off roughly 6% of its workforce, according to a memo obtained by CNBC.

Netflix is reportedly laying off 1,000 workers – the streaming giant’s biggest cuts since 2022.

Netflix lays off employees product and tech teams hit the hardest

Marks streamer’s biggest round of layoffs since 2022

The cuts represent about 6 percent of the streamer's workforce as it seeks a reset in its business.

The bulk of the cuts will affect the product, technology, legal, and human resources teams. It is the first major round of layoffs at the streamer since 2022

The streaming company's co-CEOs said the bulk of the cuts will fall on product, tech, legal, and human resources teams

The streaming giant will largely reduce headcount across product, technology, legal and human-resources teams, according to a media report.

Netflix has initiated a major round of layoffs today, eliminating about 6% of its global staff or some 1,000 jobs for its biggest round of job cuts in four years. The product, tech, legal and HR teams are among the most impacted by the cuts, which have been expected as the company faces slower growth […]

Netflix is cutting about 1,000 employees in the face of slowing engagement growth and a stagnant stock price.

Netflix Inc. is cutting 6% of its global staff, or about 1,000 positions, as the streaming company struggles with slowing growth.

Netflix is swinging the axe — laying off around 1,000 employees, representing 6% of its workforce, in what is its biggest layoff to date. Most of the layoffs will affect workers in Netflix’s product, technology, legal and HR teams, co-CEOs Ted Sarandos and Greg Peters wrote in an email to employees Wednesday morning about the […]

Netflix is cutting around 1,000 jobs.