{
  "id": 13321369,
  "title": "Netflix’s biggest layoffs in 4 yrs may come next week, here’s how many could lose jobs",
  "url": "https://urgent.news/2026/10/10/netflixs-biggest-layoffs-in-4-yrs-may-come-next-week-heres-how-many",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-10T03:05:44.000Z",
  "source": {
    "name": "Times of India",
    "slug": "times-of-india",
    "url": "https://timesofindia.indiatimes.com/technology/tech-news/netflix-layoffs-company-may-cut-850-jobs-co-ceo-ted-sarandos-had-said-were-not-growing-as-fast-as/articleshow/134846636.cms"
  },
  "original_language": "en",
  "account": "Netflix is preparing to lay off around 5% of its workforce as part of a larger restructuring effort, according to a report by Puck News. Sources suggest the announcement could be made as early as next week, with the streaming giant under pressure due to slowing viewer engagement and a drop in stock price throughout the year. This would be Netflix's largest round of job cuts in four years, occurring just days before the company reports its third-quarter earnings on October 20.\n\nIf the layoffs proceed, Netflix could potentially see the loss of about 850 jobs. While the company's global headcount is estimated at roughly 17,000, the final number may be closer to 800. It remains unclear which teams will be most affected by these cuts.\n\nNetflix's biggest round of job cuts since 2022 is set to take place ahead of its Q3 earnings report. In 2022, the streamer experienced a significant subscriber loss, with a 200,000 subscriber decrease in a single quarter, marking its first such drop in over a decade. Since then, Netflix has consistently let go of around 150 staff members in May and approximately 300 more in June. Smaller rounds of layoffs have also taken place, including several dozen roles in its global product team earlier this year.\n\nThe stock price has fallen over 40% over the past year. Puck News attributes the pressure on Netflix to the failed bid for Warner Bros. last year and declining viewer engagement, which grew by just 2% in the first half of 2026. The news of potential layoffs also arrives amid a series of job cuts across the media industry, with Disney having cut jobs multiple times this year.\n\nCo-CEO Ted Sarandos admitted during a Bloomberg event last month that Netflix is not growing as quickly as desired. He also highlighted live programming as a challenge, stating that it consumes about 5% of the content budget while accounting for roughly 1% of total viewing. Netflix's costs are growing faster than its revenue, with marketing, technology, and administrative costs increasing by 18% to around $2.3 billion, and technology and development expenses rising by 22%, largely due to a $142 million increase in personnel costs.\n\nHeadcount has continued to increase, with about 2,000 full-time employees added through 2025. However, revenue growth has slowed from 18% in the last quarter of 2025 to 16% and then 13% this year. Netflix expects approximately 12% growth for the September quarter, but the company still aims for a 31.5% operating margin in 2026, up from 29.5% last year.\n\nCutting staff won't address content expenses, which remain Netflix's largest expense. Nevertheless, the move will help align overhead costs with slowing sales and provide Sarandos and co-CEO Greg Peters with a cost story to present during the earnings call on October 20. Investors will also be keen to learn how advertising, live events, and gaming initiatives are intended to drive growth moving forward.",
  "summary": "Netflix layoffs could be announced as early as next week, with the streaming giant reportedly planning to cut about 5% of its workforce, or around 850 jobs, as part of a wider restructuring, according to Puck News. The Netflix job cuts would be its biggest since 2022 and come ahead of Q3 earnings on October 20, as slowing engagement, a falling stock and rising costs put pressure on co-CEO Ted…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}