# Netflix cuts 1,000 jobs amid slower growth

> Netflix lays off 1,000 employees as growth slows and competition rises.
- Title: Netflix cuts 1,000 jobs amid slower growth · Financialexpress
- Summary: Netflix lays off 1,000 employees as growth slows and competition rises. Netflix plans to cut 1,000 jobs to address slower growth and rising competition in…
- Keywords: netflix, layoffs, streaming, competition, growth, talent, talent cuts, streaming services, subscription, content, business, money
- Source: Financialexpress — https://financialexpress.com/business/news/netflix-to-lay-off-1000-employees-amid-slower-growth-and-rising-competition-report/4361485
- Author: FE News Desk
- Published: 2026-10-14T16:58:35+00:00
- Read time: 1 min
- Topics: netflix, layoffs, streaming, competition, growth, talent, talent cuts, streaming services, subscription, content, business, money
## Netflix job cuts
Netflix will lay off around 1,000 employees, about 6% of its workforce.
## Executives explain cuts
Co-chief executives Ted Sarandos and Greg Peters wrote in an email that their mission requires disciplined resource allocation.
## Growth slowdown
Netflix reported slower growth in viewing time and faces rising competition from YouTube and streaming rivals.
## Competitor threats
Paramount and Warner Bros. Discovery may combine to create a stronger competitor for Netflix.
## Content struggles
Netflix has struggled to produce major hits like Stranger Things and Squid Game.
## Earnings timeline
The job cuts come ahead of Netflix's quarterly earnings report on October 20.
## Subscribers and retention
Netflix reported over 97 billion hours of content watched in the first half of 2026 with low US cancellation rates.
## Previous layoffs
Netflix cut 150 jobs in May 2022 and 300 in June 2022 during slower revenue growth.
## Key takeaway

Netflix plans to cut 1,000 jobs to address slower growth and rising competition in the streaming market.