{
  "id": 14468228,
  "title": "Netflix cuts about 6% of jobs in biggest layoff since 2022, WSJ reports",
  "url": "https://urgent.news/2026/10/14/netflix-cuts-about-6-of-jobs-in-biggest-layoff-since-2022-wsj-reports",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-14T14:19:21.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/netflix-cuts-about-6-jobs-biggest-layoff-2022-wsj-reports"
  },
  "original_language": "en",
  "account": "Netflix is reducing its workforce by approximately 6 percent, resulting in about 1,000 job cuts, according to a report by the Wall Street Journal dated October 14. The majority of these layoffs will affect the product, technology, legal, and human-resources departments. The decision to scale back comes as the company faces fierce competition for viewers' attention in an increasingly crowded streaming market. Netflix, which had around 16,000 full-time employees as of last year, cited the email from co-chiefs Greg Peters and Ted Sarandos as the source of the information. Despite expanding into areas such as advertising, live programming, and gaming, the company has not yet provided a response to requests for further comment. In recent years, Netflix has been involved in a bidding war for Warner Bros Discovery's streaming and studio assets, losing out to Paramount Skydance. Nevertheless, the company recently completed its US$110 billion acquisition of Warner Bros., now part of the media conglomerate Skydance.",
  "summary": "Most of the job cuts will be in the company’s product, tech, legal and HR teams",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Netflix cuts 1,000 jobs as streaming giant seeks to boost engagement",
        "url": "https://urgent.news/2026/10/14/netflix-cuts-1-000-jobs-as-streaming-giant-seeks-to-boost-engagement",
        "published": "2026-10-14T13:24:24.000Z"
      },
      {
        "outlet": "Economic Times Tech",
        "title": "Netflix cuts about 6% of jobs: WSJ",
        "url": "https://urgent.news/2026/10/14/netflix-cuts-about-6-of-jobs-wsj",
        "published": "2026-10-14T14:03:53.000Z"
      }
    ]
  },
  "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."
}