Netflix Cuts About 6% of Jobs In Biggest Layoffs Since 2022

Netflix is laying off approximately 1,000 employees, representing 6% of its workforce, marking the largest reduction since 2022. Co-CEOs Greg Peters and Ted Sarandos stated that while the business remains strong and growing, the company must be disciplined with resources due to pressure from rivals like YouTube and TikTok. The cuts primarily impact the product, tech, legal, and human-resources teams. Netflix remains on track to deliver its full-year forecasts while pursuing its mission to entertain the world.