Netflix Plans to Reduce Workforce by 5%

Key Facts

1Netflix is planning to reduce its workforce by 5% according to a report from Puck News.

Netflix is planning to reduce its workforce by 5%. Investing.com reported, citing a Puck News report, that the company intends to cut its employee count as part of a workforce reduction strategy.

NFLX closed at $71.57 on October 8, 2026, with the stock reaching a session high of $71.61 and a low of $69.72. The move comes as mega-cap tech firms focus on cost efficiency measures.