Netflix to cut 1,000 jobs in largest reduction since 2022
The streaming company will reduce its workforce by approximately 6 per cent globally following a slowdown in subscriptions.
At a glance
- Netflix is eliminating 1,000 positions globally
- The cuts represent approximately 6 per cent of total workforce
- This is the steepest reduction since 2022
- The move follows a slowdown in subscription growth
Netflix is cutting 1,000 jobs worldwide, representing the largest reduction in its workforce since 2022. The cuts equate to around 6 per cent of the company's total global workforce.
The decision follows a slowdown in subscription growth at the streaming platform.
Why it matters
The cuts reflect challenges in the streaming sector as subscription growth moderates and competition intensifies in the market.
Original reporting
- BBC News — BusinessNetflix to cut 1,000 jobs worldwide
- BBC News — WorldNetflix to cut 1,000 jobs worldwide
This brief was written with AI assistance from the reports listed above and checked against our editorial policy. Spotted an error? Request a correction.