# Netflix Plans 5% Workforce Cuts

> Netflix to cut 5% of staff amid Wall Street concerns.
- Title: Netflix Plans 5% Workforce Cuts · TheWrap | Shortify
- Summary: 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.
- Keywords: netflix, layoffs, workforce, wall street, restructuring, stock, entertainment, culture, business, Plans, Cuts, TheWrap
- Source: TheWrap — https://thewrap.com/culture-lifestyle/culture/netflix-layoffs-5-percent-workforce
- Author: Lucas Manfredi
- Published: 2026-10-09T15:21:38+00:00
- Read time: 1 min
- Topics: netflix, layoffs, workforce, wall street, restructuring, stock, entertainment, culture, business
## 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.
## Key takeaway

Netflix plans layoffs targeting 5% of its workforce as Wall Street expresses worry over growth.