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the Jasmine BRAND

@thejasminebrand

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Netflix is making some major cuts to its workforce. The streaming giant announced Wednesday (Oct. 14) that it’s laying off approximately 1,000 employees, accounting for roughly 6% of its workforce. According to CNBC, the cuts will primarily affect workers in the product, technology, legal, and human resources departments. In a memo to employees, #Netflix co-CEOs Ted Sarandos and Greg Peters explained that the company must be strategic about its resources, despite remaining financially strong. “Our business is strong and growing, and we remain on track to deliver our full year forecast,” the executives wrote, adding that Netflix plans to continue investing in areas that support growth and innovation. The layoffs come just weeks after Sarandos admitted Netflix was “not growing as fast as I want.” While the company remains a streaming powerhouse, viewership has reportedly stalled. Netflix is also facing increased competition from #YouTube and the planned combination of Paramount+ and #HBOMax. Netflix is scheduled to report its latest quarterly earnings on Oct. 20.
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Posted On: October 14th 2026, 07:45 pm
Netflix is making some major cuts to its workforce.

The streaming giant announced Wednesday (Oct. 14) that it’s laying off approximately 1,000 employees, accounting for roughly 6% of its workforce. According to CNBC, the cuts will primarily affect workers in the product, technology, legal, and human resources departments. In a memo to employees, #Netflix co-CEOs Ted Sarandos and Greg Peters explained that the company must be strategic about its resources, despite remaining financially strong. “Our business is strong and growing, and we remain on track to deliver our full year forecast,” the executives wrote, adding that Netflix plans to continue investing in areas that support growth and innovation.

The layoffs come just weeks after Sarandos admitted Netflix was “not growing as fast as I want.” While the company remains a streaming powerhouse, viewership has reportedly stalled. Netflix is also facing increased competition from #YouTube and the planned combination of Paramount+ and #HBOMax. Netflix is scheduled to report its latest quarterly earnings on Oct. 20.
Comments (72)
_butterflyaccessories 11 hours ago

_butterflyaccessories

Netflix needs all people they can find because the programming sucks only 2 to 3 good things on there! 🤦🏽‍♀️🤷🏽‍♀️

fontaine_casimir 18 hours ago

fontaine_casimir

Hollywood is Dead.

4soulangel 21 hours ago

4soulangel

comment media

milahb96 a day ago

milahb96

comment media

vacation_956 a day ago

vacation_956

The a list actors are now c list.

lighthercigaretteifshesmokes77 a day ago

lighthercigaretteifshesmokes77

comment media

they.kilt.ken a day ago

they.kilt.ken

First Kroger now Netflix wtf

king_charles_ii a day ago

king_charles_ii

😢😢😢

urbanintellekt a day ago

urbanintellekt

And y’all still swear this economy isn’t affecting everybody. 🥴 Even the attorneys are getting served, and this time it’s a pink slip, not a subpoena! 😂⚖️ Apparently, those degrees, fancy titles, and six-figure salaries don’t come with immunity from corporate foolishness. The economy is an equal-opportunity offender! 🤦🏾‍♂️🤣

blackgardengirl75 a day ago

blackgardengirl75

Rates will be going up again.

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