Netflix cuts 1,000 jobs in company’s biggest layoffs ever, despite strong revenue growth
Netflix is laying off around 1,000 employees, or 6% of its workforce, in its biggest jobs cut ever.
TL;DR
- Netflix is laying off about 1,000 employees, 6% of its workforce.
- This is the company's largest-ever job cut.
- Layoffs will mainly affect product, tech, legal, and human resources departments.
- Netflix previously laid off 450 employees in 2022.
- The company reported 16% revenue growth in 2025 and is on track for 13%-14% growth this year.
- Company shares were up slightly at the end of trading Tuesday but are down over 20% in 2026.