Netflix announces its biggest layoffs to date, to fire 6% employees. Read the full letter of co-CEOs to staff

Economic Times - Oct 14, 2026

In a strategic move amid declining subscriber numbers, Netflix announced the layoff of approximately 1000 employees, making up about 6% of its workforce. The impacted roles will primarily come from product, technology, legal, and HR departments. Co-CEOs Ted Sarandos and Greg Peters informed the staff of this decision through an email, assuring support for those affected while reaffirming the company's focus on future growth.

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