Dhaka, Oct. 16 -- Netflix has laid off around 1,000 employees and replaced its chief content officer as the streaming giant scrambles to address slowing growth in its most important market, Variety reports.

The cuts -- the company's largest to date -- come despite a strong financial position. Netflix posted a net profit of $11 billion in 2025 on revenues of $46.6 billion, and still holds $9.1 billion in cash.

Yet investors have grown uneasy: shares are down 20 percent year-to-date, rattled by a deceleration in revenue growth in the US and Canada (UCAN) region -- from 14 percent in Q1 to 10 percent in Q2 of 2026 -- and third-quarter guidance that fell short of analyst expectations.

Alongside the job cuts, Netflix has removed Bela Bajari...