Netflix plans to lay off 5% of its workforce

Netflix is planning to lay off 5% of its workforce and could announce the decision next week, according to Puck News. The streaming platform reported having roughly 16,000 full-time employees at the end of 2025, meaning a 5% cut would eliminate around 800 positions. Puck estimates the current headcount is around 17,000, which would bring the reduction to about 850 jobs.

The company last carried out major job cuts in 2022, when it dismissed 450 employees after reporting a net loss of 200,000 subscribers in the first quarter of that year. In February 2026, Netflix also cut several dozen roles from its global product team after promoting Chief Technology Officer Elizabeth Stone to chief product and technology officer, Deadline reported.

The planned reductions come as Netflix faces pressure from investors. Its shares have dropped more than 40% over the past year, while user viewing time on the platform has remained nearly flat. At a Bloomberg conference in late September, co-CEO Ted Sarandos acknowledged that the company is not growing as fast as it would like and said it is working to accelerate that pace.