Netflix plans to cut about 5% of its roughly 16,000-strong global workforce, or around 800 jobs, marking its largest staff reduction since 2022 as it responds to a maturing streaming market and intense competition. The move highlights Netflix's focus on protecting its 31.5% operating margin target while it broadens into advertising, live programming and gaming to support future growth. The recent expansion of Netflix's NFL partnership through EverPass Media reinforces the push into live events, which analysts see as an important lever for engagement and advertising growth. Netflix's narrative projects $65.5 billion revenue and $19.7 billion earnings by 2029, requiring 10.6% yearly revenue growth and a $6.1 billion earnings increase from $13.6 billion today. Investors are also watching the risk that content costs keep climbing faster than viewing, especially with about 20% of viewing tied to a small pool of hits.
Netflix IncNetflix is cutting about 5% of its global workforce (~800 jobs) to protect its 31.5% operating margin target amid a maturing streaming market.
