Netflix Lays Off 6% of Employees, Elimination About 1,000 Jobs in Biggest Cutbacks to Date
Netflix is swinging the axe — laying off around 1,000 employees, representing 6% of its workforce, in what is its biggest layoff to date.
Variety reports: Netflix is swinging the axe — laying off around 1,000 employees, representing 6% of its workforce, in what is its biggest layoff to date.
Most of the layoffs will affect workers in Netflix’s product, technology, legal and HR teams, co-CEOs Ted Sarandos and Greg Peters wrote in an email to employees Wednesday morning about the.
This entertainment story centres on the United States. Names and organisations mentioned in the coverage include Netflix Lays Off, Elimination About and Biggest Cutbacks.
Why it matters
Entertainment news like this shapes what audiences watch, hear and talk about, and can affect the wider creative industry.
Key details
- Location
- United States · Americas
- Reported by
- Variety
- First reported
- Key names
- Netflix Lays Off, Elimination About, Biggest Cutbacks, HR
- Section
- Entertainment
Sources
This is an independent summary. Read the full, original reporting from the publisher:
Read the full story at VarietySpotted an error? Request a correction · How this summary was produced
Related Stories
US maternity wards face wave of closures as Medicaid cuts kick in
Trump’s ‘big, beautiful bill’ spending cuts will be fully felt next year, but hospitals are already feeling the squeeze Maternity wards across the…
Ramirez hits deciding HR to complete Guardians' ALDS comeback
Jose Ramirez hit the deciding two-run homer to complete the Guardians' comeback from an 0-2 deficit versus the White Sox in their best-of-five ALDS.
‘Elon is my prophet’: how Musk’s Doge team took a wrecking ball to Washington
When the new ‘department of government efficiency’ sent young techies to disrupt federal agencies, not everyone complied.
Source: Lamar has realistic chance to return for Week 6 game vs. Browns
Ravens quarterback Lamar Jackson has a realistic chance to return for Sunday's game against the Cleveland Browns, a league source told ESPN.
Apple TV’s Hit German Series ‘Where’s Wanda?’ Returns for Season 2, Again Asking: ‘How Far Would You Go to Save Your Child?’
Apple TV’s first German series, proved a major hit for the streamer.
Guillaume Canet and Marion Cotillard reunite on the silver screen in thriller 'Karma'
"Karma" reunites exes Guillaume Canet and Marion Cotillard on screen for a thriller about a woman fleeing her past and the cult she escaped.
‘Clayface’ First Reactions Praise DC Body Horror as ‘Freakishly Awesome’ and ‘Loaded With Brutal Scenes’
The first reactions are in for DC Comics’ body horror thriller “Clayface,” with journalists and fans calling it “freakishly awesome” and “everything…
DataFuelX Launches Video Ad Marketplace That Taps 13 Different Publishers
As media audiences fall apart, one analytics company hopes to knit some of them back together.