Pakistan, Oct. 15 -- Netflix is cutting around 1,000 jobs, marking its largest round of layoffs since 2022. The planned reductions represent approximately 6% of its workforce, according to an internal company memo. Co-CEOs Ted Sarandos and Greg Peters announced the decision on Wednesday, October 14, 2026.

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The cuts will mainly affect employees in product, technology, legal and human resources teams. In their memo, the executives said Netflix remained strong and continued to grow. However, they stressed the need to prioritise staffing and resources carefully. The company employed around 16,000 full-time workers at the end of 2025.

The layoffs come as Netflix faces stronger...