Netflix is reducing its workforce by 6%, or approximately 1,000 employees, due to declining share prices and increased competition.

Last week there was a report that Netflix was going to cut 5% of their workforce. This week it has increased to 6% or roughly 1,000 employees. https://finance.yahoo.com/markets/article/netflix-to-cut-roughly-1000-employees-in-biggest-workforce-reduction-since-2022-143730803.html

> Netflix Layoffs: Streaming Giant Set To Cut 1,000 Jobs In Biggest Round Since 2022 https://www.timesnownews.com/business-economy/companies/netflix-layoffs-streaming-giant-set-to-cut-1000-jobs-in-biggest-round-since-2022-article-156340207 FTA: "Co-CEOs Ted Sarandos and Greg Peters are dealing with a declining share price. . ." And there is your answer why. Funny how they keep rising the service's price and still "need" to lay people off. #BadEconomy #streaming #media

🔥 Netflix is laying off 6% of its workforce, or roughly 1,000 employees, in its biggest cuts since 2022, according to an internal memo seen by Reuters, as the streaming pioneer ‌faces tough competition for viewers from legacy rivals and YouTube. The bulk of the job cuts would be in Netflix's product, tech, legal and human-resources teams, the email Co-CEOs Greg Peters and Ted Sarandos sent to employees on Wednesday showed. https://www.reuters.com/business/world-at-work/netflix-cuts-about-6-jobs-wsj-reports-2026-10-14/ #neflix #layoffs #streaming