Netflix Is Laying Off 5% Of its Staff: Report

Netflix is planning to lay off about 5% of its staff, Variety reports, quoting Puck News. The story, which is based on anonymous sources, says the layoff is part of a restructuring that could be announced as early as next week. Netflix had roughly 16,000 full-time employees at the end of last year, and a 5% reduction would mean 800 jobs are being eliminated.

Last updated Oct 12, 2026 by ATDb automated enrichment