Netflix plans to cut approximately 5% of workforce in upcoming layoffs

Netflix is preparing a major round of layoffs expected to impact about 5% of its global workforce, or roughly 800 employees, based on its 2025 year-end headcount of 16,000. The cuts, which could be announced as early as next week, follow a period of slowing user engagement growth and come after previous layoffs in 2022 and smaller reductions in early 2026. A Netflix spokesperson declined to comment on the report.

Why it matters. The layoffs affect thousands of employees and signal ongoing cost pressures at Netflix despite revenue growth, reflecting broader trends in streaming industry profitability and workforce adjustments.