Within the next week, it is being reported that Netflix is planning on laying off approximately 5 percent of their workforce. Puck News was first to report, pointing towards major restructuring, whilst keeping sources anonymous.
Netflix has not responded for comment, making it unclear where exactly these layoffs will happen. Citing numbers from the close of 2025, Netflix employs approximately 16,000 people full-time, roughly estimating that the upcoming layoffs will leave 800 staffers unemployed. Of the 16,000, an estimated 68 percent, or 10,900, employees were located in either the U.S. or Canada.
The last “major” set of layoffs at Netflix occurred in 2022, and saw 450 employees lose their jobs. The reason for this was issues the streamer faced in their first quarter, where they were faced with a net loss of 200,000 subscribers. Co-CEO of Netflix Ted Sarandos recently opened a dialogue about recent streamer growth, “…at last month’s Bloomberg Screentime conference in L.A., said the company is growing — noting that in Q2, it posted double-digit revenue gains in every geographical region.” Despite this, Sarandos indicated that they do not want to get too comfortable, and are still looking for pathways for expanded growth.
Yes, overall, we’re not growing as fast as I want us to, and we’re working on making that move faster… also doing things that create a lot of headwind to that number. Meaning, when we do live programming on Netflix, which is a relatively new thing, we spend about 5% of our content budget on live events. They generate about 1% of our watching.
For Netflix, Q2 growth was on par with Wall Street expectations, but the stock price took a decline following Q3 revenue projections. For those who are interested, Netflix will report 3Q earnings following market close on October 20.
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