Is Netflix Preparing for Employee Layoffs?

Streaming giant Netflix is reportedly preparing to lay off around 5% of its workforce, or approximately 800 employees, as part of a restructuring exercise. According to a media report, the job cuts could begin within the next two or three days. However, Netflix has not officially confirmed the reported layoffs, and it remains unclear which departments would be affected the most. By the end of 2025, the company had around 16,000 full-time employees, of whom approximately 68%, or 10,900, were based mainly in the United States and Canada.

Netflix last carried out major job cuts in the first quarter of 2022, when it laid off 450 employees after losing around 200,000 subscribers. The decline marked a significant setback for the company, prompting it to gradually reduce its workforce. Earlier this year, Netflix reportedly dismissed dozens of employees. The latest report comes despite the company recording strong growth across markets. Last month, co-CEO Ted Sarandos said the company had achieved double digit growth in every geographic region during the second quarter. He also acknowledged that Netflix was not expanding as quickly as the company had hoped.