Netflix is planning a substantial round of layoffs that would affect about 5% of its workforce, or roughly 800 workers, according to people familiar with the cuts. The job losses will hit the creative team, including those working on features, one source said, and the cuts are believed to be the biggest at the Los Gatos company since 2022. Netflix declined to comment, and the news was first reported by Puck. The streaming giant has faced investor scrutiny over subscriber engagement, with view hours rising only about 2% in the first half of 2026 compared with a year earlier even as content spending climbed. Netflix stock has declined 43% from a year ago and closed Friday at $70.30, down about 2%.
Netflix IncNetflix plans layoffs of about 5% of workforce (~800 workers), its biggest cuts since 2022, amid rising content spending and weak engagement.
