Netflix Reportedly Plans to Cut 5% of Workforce Amid Growth Challenges

Netflix is reportedly planning its largest round of layoffs in four years, intending to cut approximately 5% of its global workforce, which could affect around 800 employees. This move comes as the streaming giant faces struggles with stock performance, slowing growth, and investor cooling in 2026. The company is scheduled to report its third-quarter 2026 financial results on October 20.