Netflix is laying off nearly 1,000 employees, about 6% of its workforce, mainly from product, tech, legal, and HR departments. The move comes as Netflix faces growing competition from social media platforms like TikTok and YouTube, which are gaining in user engagement. Despite the layoffs, Netflix plans to continue investing in key areas to improve its service and remains on track to meet its full-year financial forecast. The company is also expanding its ad-supported tier and investing in new content areas such as gaming and live events to boost subscriber value and engagement.
Netflix's decision to cut about 6% of its workforce highlights the challenges it faces in a competitive media landscape. On Pluang, NFLX shares trade at USD 69.43, down 1.49% as of Oct 14, 2026 22:12 WIB, reflecting investor caution. The stock remains well below its 52-week high of USD 124.13, indicating ongoing market pressure despite Netflix's strategic shifts.
Netflix is laying off about 1,000 employees, roughly 6% of its workforce, mainly from product, tech, legal, and HR teams. This move reflects the company's efforts to manage budget constraints despite having 325 million subscribers worldwide. Netflix'...
Netflix announced it will lay off approximately 6% of its employees, mainly affecting the product, technology, legal, and human resources departments. The company emphasized that despite the cuts, its business remains strong and on track to meet its ...
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