From Engadget · Matt Tate · · 1m
Netflix cuts 1,000 jobs in largest layoff since 2022
Netflix is laying off roughly 1,000 employees, or 6 percent of its workforce, in its biggest round of cuts since 2022.
In brief
Netflix is laying off roughly 1,000 employees, or 6 percent of its workforce, in its biggest round of cuts since 2022. Netflix is laying off around one thousand employees, six percent of its workforce, the largest cuts since twenty twenty-two, despite strong revenue of forty-five point two billion dollars in twenty…
Netflix cuts one thousand jobs
Netflix is laying off around one thousand of its staff, roughly six percent of its workforce, according to The Wall Street Journal. The company had around sixteen thousand worldwide employees last year.
Biggest cuts since twenty twenty-two
This is Netflix's largest round of cuts since twenty twenty-two, when around four hundred fifty employees were let go. It comes after Netflix backed away from its bid to acquire Warner Bros. earlier this year.
Company says business is strong
Netflix co-CEOs Ted Sarandos and Greg Peters said the company must be disciplined about prioritizing people and resources.
“Our business is strong and growing, and we remain on track to deliver our full year forecast.”
The main idea
Netflix is laying off around one thousand employees, six percent of its workforce, the largest cuts since twenty twenty-two, despite strong revenue of forty-five point two billion dollars in twenty twenty-five.
