Netflix layoffs loom as stock performance struggles, growth slows, and investors cool in 2026: reports
Netflix is planning what could be its largest round of layoffs in four years, according to media reports. The job cuts are expected to impact 5% of the streaming giant’s workforce, with the announcement reportedly coming as soon as this week. Netflix reported 16,000 employees at the end of last year, meaning some 800 people could be laid off. The rumored layoffs were first reported by Puck news…
Netflix is reportedly planning its largest round of layoffs in four years, potentially impacting 5% of the streaming giant's workforce, according to recent reports. The announcement is expected to come soon, with 800 employees possibly being laid off, given Netflix's workforce of around 16,000 at the end of last year. The news first surfaced in Puck and was subsequently confirmed by the Los Angeles Times and other outlets, with Fast Company reaching out to Netflix for comment.
Mass layoffs have been relatively scarce at Netflix, although they have been a recurring theme in the tech industry this year. A recent study by outplacement firm Challenger, Gray & Christmas revealed that tech companies announced 165,925 job cuts from January through September 2026, marking a 54% increase compared to the same period in 2025. Netflix's last major round of layoffs occurred in 2022, when it cut 3% of its staff.
Shares of Netflix Inc (Nasdaq: NFLX) have struggled this year, trailing the broader market as the company's revenue growth forecast for 2026 has narrowed. The stock was down 22.74% year-to-date as of Friday's close, while the Nasdaq Composite surged 17.78% over the same period.
Written by urgent.news from Fast Company's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
