Netflix May Lay Off About 5% of Staff, Report Says
Netflix may cut about 5% of its roughly 16,000 employees, around 800 jobs, a report says. Netflix hasn’t commented. Why streaming giants are trimming costs.
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“Netflix May Lay Off About 5% of Staff, Report Says”
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10 Oct 2026
Key Highlights
- The report: Netflix may cut about 5% of its workforce, according to Puck News.
- Scale: With roughly 16,000 full-time staff, that would be around 800 jobs.
- Timing: An announcement could come as early as next week.
- Unconfirmed: Netflix has not commented on the report.
- Wider trend: Tech firms cut over 80,000 jobs in the first quarter of 2026 alone.
Netflix is planning to cut nearly 5% of its workforce, according to a report by Puck News citing people familiar with the matter. The company had about 16,000 full-time employees at the end of last year, so the cuts could affect roughly 800 jobs.
The announcement could come as early as next week. Netflix has not yet commented on the report.
First Major Cuts Since 2022
If confirmed, it would be Netflix’s first major round of layoffs since 2022, when it cut hundreds of jobs amid slowing growth and a drop in subscribers.
