Netflix Announces Major Global Layoffs Affecting 1,000 Employees

Netflix is undergoing its largest round of job cuts since 2022, eliminating approximately 1,000 positions, which represents about 6% of its global workforce. The layoffs, reported by the Financial Times on October 14, are intended to restructure the company's operational framework amidst increasing competition. Teams across human resources, product, technology, and legal are expected to be impacted.