Netflix prepares layoffs affecting about 5% of staff ahead of Q3 results
Netflix is preparing to cut about 5% of its workforce, with an announcement possible as early as next week, Puck reported on Friday, citing people familiar with the…
Ted Sarandos, Netflix’s chief executive, during an event in Oceanport, N.J., Jan. 12, 2026. Despite strong revenues and profits, the streaming service cut 1,000 jobs and jettisoned its chief content officer. Drops in the stock price and viewer engagement are to blame. (Bryan Anselm/The New York Times) By JOHN KOBLIN and NICOLE SPERLING Plenty seems to be working for Netflix these days. The company remains, by far, the most-watched paid streaming service in the world, with more than 325...
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