Netflix Axing 1,000 Jobs in Largest Cut Since 2022
Netflix is eliminating approximately 1,000 positions, or 6% of its global workforce, in its most significant reduction since 2022. The cuts, announced by co-CEOs Ted Sarandos and Greg Peters, primarily target product, technology, legal, and human resources teams. High-profile departures include film VP Doug Belgrad and several senior television executives. The move follows a period of slowing growth and stock decline, with the company citing the need for fiscal discipline despite strong financial performance.
