Netflix to Lay Off 1,000 Employees

Netflix is cutting approximately 1,000 jobs, representing 6% of its global workforce. The layoffs, confirmed by co-CEOs Ted Sarandos and Greg Peters on Wednesday, primarily impact the company’s product, technology, legal, and human resources departments.

This reduction marks the streaming giant’s largest round of job cuts since 2022. The company is scheduled to report its third-quarter financial results on October 20.