Netflix Cuts 1,000 Jobs in Largest Layoff Round Since 2022

Key Facts

Netflix eliminated approximately 1,000 positions, representing about 6% of its workforce. The Wall Street Journal reported that this move marks the company's largest round of layoffs since 2022. The company is reportedly implementing these cost-cutting measures as it struggles with slowing growth.

NFLX closed at $70.46 on October 13, 2026, having reached a day high of $71.52 and a day low of $70.42 during the session. These structural changes highlight the ongoing challenges within the streaming industry as the company seeks to manage its margins amid shifting market conditions.