From TheWrap · Lucas Manfredi · · 40s
Netflix Plans 5% Workforce Cuts
Netflix to cut 5% of staff amid Wall Street concerns.
In brief
Netflix to cut 5% of staff amid Wall Street concerns. Netflix plans layoffs targeting 5% of its workforce as Wall Street expresses worry over growth. Originally reported by TheWrap.
Netflix layoffs planned
Netflix is considering cutting 5% of its workforce in a restructuring move that could be announced as early as next week.
Wall Street concerns
Analysts from HSBC and Wells Fargo downgraded Netflix stock last month on worrying engagement trends and YouTube competition.
Recent stock performance
As of the end of 2025, Netflix had approximately 16,000 full-time employees, with the last major staff reduction in 2022.
Here's the gist
Netflix plans layoffs targeting 5% of its workforce as Wall Street expresses worry over growth.
