Netflix is cutting 6% of its workforce as its revenue growth slows
Summary
Netflix is cutting about 6% of its workforce, affecting around 1,000 jobs in several departments. The company said its business is still strong but needs to focus on key areas to keep growing and improving its service.Key Facts
- Netflix is laying off roughly 6% of its employees.
- About 1,000 positions will be cut worldwide.
- The layoffs affect product, technology, legal, and human resources teams.
- Netflix had around 16,000 full-time employees as of December 2025.
- The company says it remains profitable and on track for its full-year forecast.
- Netflix faces slower revenue growth due to more competition and a crowded market in North America.
- Netflix’s stock price dropped about 43% over the past year.
- The job cuts are the largest since 2022 for Netflix.
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