# Netflix cuts 1,000 jobs as streaming slows

> The streaming giant is laying off 6% of its workforce, its biggest reduction since 2022, as it struggles to grow faster and faces competition from rivals and free platforms.
- Title: Netflix cuts 1,000 jobs as streaming slows · BBC News
- Summary: The streaming giant is laying off 6% of its workforce, its biggest reduction since 2022, as it struggles to grow faster and faces competition from rivals and…
- Keywords: netflix, job cuts, streaming, ted sarandos, greg peters, competition, news, world, cuts, 000, jobs, slows
- Source: BBC News — https://bbc.co.uk/news/articles/c6zxj0gzk4x4o
- Published: 2026-10-14T15:51:01.165+00:00
- Read time: 1 min
- Topics: netflix, job cuts, streaming, ted sarandos, greg peters, competition, news, world
## Netflix cuts one thousand jobs
Netflix is cutting one thousand jobs globally, its steepest reduction since twenty twenty-two. The cuts affect human resources, legal, product and technology teams and represent around six percent of total workforce.
## Growth is slowing, Sarandos says
Last month, Netflix co-chief executive Ted Sarandos told the Bloomberg Screentime summit that the company was not growing as fast as he wanted. The streaming industry faces consolidation and competition from free platforms.

> not growing as fast as I want us to
## Paramount and Warner Bros merge
Paramount merged with Warner Bros, owner of HBO, in a one hundred ten billion dollar deal. Netflix had come close to its own deal with Warner Bros but was outbid by Paramount in the end.
## Subscription model may be plateauing
Netflix remains reliant on a subscription business that could be approaching a plateau, according to Ross Benes, senior analyst at eMarketer. Gaming and advertising have not yet become major revenue streams.
## Key takeaway

Netflix is cutting one thousand jobs worldwide, six percent of its workforce, as the streaming service faces slowing growth and intensifying competition from rivals and free platforms.