Netflix is eliminating about 6% of its employee roster, or roughly 1,000 jobs, in a round of layoffs announced internally Wednesday, according to a source with knowledge of the matter.
\n\n“Our mission — to entertain the world — is ambitious, and delivering on it requires us to be disciplined about where we prioritize our people and resources,” Netflix co-chief executives Greg Peters and Ted Sarandos said in an email to staff members Wednesday.
\n\nThe news was first reported by The Wall Street Journal. The source with knowledge of the matter confirmed the newspaper’s reporting was accurate.
\n\nNetflix remains one of the titans of streaming, but it has struggled to boost user engagement on the platform. The service’s users watched more than 97 billion hours of content in the first half of 2026, an increase of 2% year-over-year, according to the company’s most recent quarterly earnings report.
\n\n“Overall, we’re not growing as fast as I want us to, and we’re working on making that move faster,” Sarandos said at Bloomberg’s annual media conference late last month.
\n\nNetflix is expected to report its third-quarter financial results next Tuesday.
\n\nThe majority of the job cuts will be concentrated in Netflix’s product, technology, legal…
Original source: https://www.nbcnews.com/business