Netflix is cutting around 1,000 jobs, representing approximately 6% of its workforce, after co-chief executives Ted Sarandos and Greg Peters announced the redundancies in an internal message to employees on Wednesday, 14 October 2026. The cuts mark a significant workforce reduction at one of the world's best-known streaming platforms.
The announcement highlights Netflix's challenge of allocating resources while continuing to invest in its streaming service and entertainment offerings. The company has built its business around original productions, international expansion and technological investment, while seeking new ways to attract viewers and generate revenue.
