LOS GATOS, Calif. — About 1,000 Netflix employees were told on Wednesday that their jobs are going, in cuts that fall hardest on product, technology, legal and human resources, according to NBC News.
The company is cutting about 6 percent of its worldwide staff, NBC reported, after co-CEOs Greg Peters and Ted Sarandos emailed employees. They wrote that Netflix must be disciplined about where it puts its people and resources, and that it will “continue to invest aggressively in high impact areas.”
The email gave no reason, and NBC links the cuts to slowing growth in engagement: viewers watched more than 97 billion hours in the first half of 2026, up just 2 percent. Sarandos told a media conference last month: “Overall, we’re not growing as fast as I want us to, and we’re working on making that move faster.”
The numbers do not quite agree. NBC News puts the cut at about 6 percent, or roughly 1,000 jobs. Netflix’s most recent annual report that EH could read, for 2024, counted approximately 14,000 full-time employees, and 6 percent of that is about 840. EH could not find Netflix’s current headcount, so either the company has grown since or the 1,000 is a round number.
Netflix is not alone. Disney has cut hundreds of jobs this year under chief executive Josh D’Amaro, NBC noted, and David Ellison’s Skydance is widely expected to shrink its workforce across Paramount and Warner Bros. Discovery as Paramount pursues its $111 billion Warner Bros. deal. Netflix has meanwhile added live sports and video podcasts licensed from third parties, including ones from The Ringer.
Netflix reports third-quarter results next Tuesday. Neither the email nor NBC’s report says how many of the roles are in the United States, or whether this is the last round.
