LOS GATOS, Oct. 14 -- About 1,000 Netflix employees were told on Wednesday that their jobs are going, in cuts that fall hardest on product, technology, legal and human resources, according to NBC News.

The company is cutting about 6 percent of its worldwide staff, NBC reported, after co-CEOs Greg Peters and Ted Sarandos emailed employees. They wrote that Netflix must be disciplined about where it puts its people and resources, and that it will "continue to invest aggressively in high impact areas."

The email gave no reason, and NBC links the cuts to slowing growth in engagement: viewers watched more than 97 billion hours in the first half of 2026, up just 2 percent. Sarandos told a media conference last month: "Overall, we're not growin...