Netflix laid off about 1,000 employees, or 6% of its workforce, in its largest round of job cuts since 2022.

What it means

Netflix is laying off roughly 6% of its workforce, making this the largest single reduction in staff since the company's 2022 cuts. The move continues a cost‑trimming strategy that began after subscriber losses in 2022ʹ—2022, likely tied to the company’s pivot toward an ad‑supported subscription tier and tighter spending on content.

Accuracy & sourcesSourced

The claim is reported by Reuters, a reputable secondary source that typically relies on official company statements or internal memos. Without the original Netflix announcement or a primary filing, the exact number and scope are not independently confirmed, but Reuters’ track record makes the gist credible.

How new

Genuinely new — the report describes a current event, not resurfaced material.

Go deeper

• Business Insider — first to publish