Netflix plans to lay off more than 1,000 workers, its largest global cut in the last four years

Netflix plans to lay off 6% of its global workforce, which is equivalent to around 1,000 jobs, in the largest personnel restructuring it has carried out since 2022, according to several US media outlets that have been able to consult an internal communication addressed to the company's employees.

According to what The Wall Street Journal and the CNBC network published this Wednesday, the cuts will fall mainly in the areas of product, technology, legal affairs and human resources, and come at a time when the growth of the platform is slowing down and there is concern about how the activity and the use that subscribers make of the service are evolving.

In the memo that was sent to staff early today, the company's two co-CEOs, Ted Sarandos and Greg Peters, explained that the decision responds to the need to concentrate resources where they matter most. According to the aforementioned media, both stressed that the company's mission, which consists of entertaining the world, is very ambitious and that to achieve it it is necessary to be rigorous when deciding where the available talent and funds are invested.

Despite the layoffs, Netflix management maintained that the business remains strong and that the company remains on track to achieve its financial forecasts for the year as a whole, and added that it will continue to make a decisive commitment to those areas that it considers to have the greatest impact.

Netflix had reported that it would have about 16,000 full-time employees at the end of 2025, and the announcement of this adjustment comes just a week before the company, based in Los Gatos, California, publishes its financial results for the last quarter, scheduled for October 20.