Netflix Cuts ~1,000 Jobs (6% of Workforce) Ahead of Q3 Earnings
NewsData.io · United States · Oct 17, 2026
Netflix has announced plans to reduce its workforce by approximately 6%, affecting around 1,000 employees, coinciding with the departure of its chief content officer ahead of third-quarter earnings. The company's stock has declined roughly 25% in 2026 amid slowing revenue growth and investor concerns about subscriber engagement. Analysts project Q3 revenue of $12.88 billion, up 12% year-over-year — a notable deceleration from 17% growth in the prior-year period. The layoffs signal a wave of content, production, and technology roles potentially entering the candidate market.
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