Netflix cuts more than 1,000 jobs on 14 October 2026

The layoffs mainly affect the product, technology, legal, and HR teams.

Co-CEOs Ted Sarandos and Greg Peters say Netflix is still on track for its full-year forecast and will keep investing in high-impact areas.

What happened

According to multiple reports, Netflix has laid off more than 1,000 employees. In the supplied coverage, that figure is tied to roughly 6% of the streaming giant’s total workforce. Reuters and the BBC both cite the same ballpark number: about 1,000 jobs, or around 6% of the global workforce. CBS News also reports that the move is largely a redistribution of staff within the company.

The restructuring is described in the sources as Netflix’s biggest cost-cutting round since 2022. The available information also refers to earlier layoff rounds in 2022, including one involving 300 employees, but the current package of measures is larger than that earlier step. An exact total and a full team breakdown were not provided in the supplied material.

According to the notice sent to employees, the layoffs mainly hit product, technology, legal, and HR. CBS News names those four teams explicitly, while Reuters and the BBC focus on the overall scale of the cuts. The sources do not list separate headcounts by department, and the supplied information does not confirm any additional teams outside those groups.

Ted Sarandos and Greg Peters wrote in an internal email that Netflix is still on track to meet its full-year forecast. They added that the company will continue investing in priority areas to improve the service and support growth and innovation. In the supplied reporting, that message is linked to a period in which Netflix is still pursuing strong revenue growth despite the cost cuts.

Background

The available sources place the layoffs in a period when Netflix is reported to have 325 million subscribers. That figure is mentioned in the context of a recent Disney deal, but the supplied text does not give full details on the size or timing of that agreement. The sources do say Netflix will license Disney content for subscribers, but they do not specify which titles or catalog sections are included.

The sources also say Netflix will keep investing in high-impact areas. The supplied information does not provide a precise list of those priorities, but the wording suggests the company wants to shift resources toward product development and other strategic projects. In the available reporting, that choice is set alongside the layoffs in product, technology, legal, and HR, suggesting Netflix wants to shrink the organization while continuing to spend in selected areas.

The comparison with 2022 matters because Reuters and the BBC both say this is the steepest cut since that year. Reuters points to an internal memo, while the BBC summarizes the scale as the steepest cuts since 2022. The supplied sources do not give a new post-layoff headcount, and they also do not provide an exact date for when affected employees will leave.

The Disney-deal context remains limited in the available information. The sources mention 325 million subscribers and refer to a licensing agreement, but leave open which Disney content will be available and when. As a result, it is unclear whether that deal is directly connected to the layoff round or is simply broader company context.

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Sources

• IGN: Netflix lays off over 1,000 people
• BBC: Netflix to lay off 1,000 staff in steepest cuts since 2022
• Reuters: Netflix cuts about 6% of jobs in biggest layoff since 2022
• CBS News: Netflix is cutting 6% of its workforce as its revenue growth slows