In brief
Netflix announced a 1,000‑job cut across HR, legal, product and tech teams, its steepest reduction since 2022, as subscriber growth slows. The move affects about 6% of its global workforce. Co‑CEOs Sarandos and Peters say the company will still invest aggressively in high‑impact projects while tightening resources. Analysts warn that Netflix must diversify beyond subscriptions to stay competitive against YouTube, TikTok and new industry consolidations.
Netflix announced it will cut 1,000 jobs worldwide, the biggest round of layoffs since 2022.
The cuts target human resources, legal, product and technology teams, amounting to roughly 6 % of its global workforce.
Co‑CEOs Ted Sarandos and Greg Peters said the company will still invest aggressively in high‑impact projects while tightening resources.
Analysts note pressure from free platforms like YouTube and TikTok, along with the recent Paramount‑Warner merger, urges Netflix to rethink its strategy.
With subscriber growth slowing for the first time in more than a decade, Netflix must diversify beyond its subscription model to stay competitive.
