# Netflix cuts 800 jobs days before earnings

> Netflix prepares to cut 800 jobs days before earnings as YouTube keeps winning.
- Title: Netflix cuts 800 jobs days before earnings · Startup Fortune
- Summary: Netflix prepares to cut 800 jobs days before earnings as YouTube keeps winning. Netflix plans to lay off 800 employees before its October 20 earnings report…
- Keywords: netflix, youtube, netflix layoffs, netflix earnings, netflix subscribers, netflix revenue, netflix share, netflix viewing share, netflix layoffs 800 employees, netflix layoffs october 2026, youtube viewing share 2026, netflix streaming
- Source: Startup Fortune — https://startupfortune.com/netflix-prepares-to-cut-800-jobs-days-before-earnings-as-youtube-keeps-winning
- Published: 2026-10-15T20:37:37+00:00
- Read time: 1 min
- Topics: netflix, youtube, netflix layoffs, netflix earnings, netflix subscribers, netflix revenue, netflix share, netflix viewing share, netflix layoffs 800 employees, netflix layoffs october 2026, youtube viewing share 2026, netflix streaming
## Netflix layoffs
Netflix plans to lay off 800 employees before its October 20 earnings report.
## Timing of cuts
Cuts could be announced days before Netflix reports third-quarter earnings on October 20.
## Netflix's viewing share
Netflix's share of U.S. TV viewing fell from 8.8% to 7.8% between July 2025 and July 2026.
## YouTube's growth
YouTube climbed from 13.4% to 14.2% of total TV usage over the same twelve months.
## Netflix's content strategy
Netflix's share of original-content viewing time slid from 65% in 2022 to 55% in 2026.
## Wall Street reaction
HSBC downgraded Netflix from Buy to Hold and cut its price target to $76 from $96.
## Market impact
Netflix, Disney, Paramount and Warner Bros. Discovery lost 2.9 percentage points of total viewing share over the past year.
## What's next
Netflix's July 16 earnings call will show if any of the changes are working.
## Key takeaway

Netflix plans to lay off 800 employees before its October 20 earnings report after YouTube's viewing share rose to 14.2% from 13.4% in the same period.