StocksMedium•14 October 2026•
1 min read
Netflix to Cut 1,000 Jobs Ahead of Quarterly Earnings Report
Key Facts
1Netflix announced plans to cut approximately 1,000 jobs, representing about 6% of its workforce.
2This marks the company's largest round of layoffs since 2022 and comes ahead of its October 20 earnings report.
Netflix announced plans to cut approximately 1,000 jobs, representing about 6% of its total workforce. Benzinga reported that this move marks the company's largest round of layoffs since 2022 and comes shortly before its quarterly earnings report scheduled for October 20.
The company is implementing these cuts as a cost-restructuring measure while markets await its financial results. Regarding stock performance, NFLX closed at $70.46 on October 13, 2026, having reached a day high of $71.52 and a low of $70.42 during that session.