CNBC reported on October 14, 2026 that Netflix planned to cut roughly 1,000 jobs, or about 6% of its workforce. Product, technology, legal and human-resources teams were named as the main areas expected to be affected.
What Netflix planned to cut
The reported figure describes a planned workforce reduction. CNBC also reported that an employee memo attributed to co-CEOs Ted Sarandos and Greg Peters framed the decision as a choice to prioritize people and resources. The memo said Netflix remained on track with its full-year forecast and would continue investing in areas the executives viewed as important to growth.
How the estimate changed
On October 9, Puck News reported an earlier estimate of about 5% of Netflix’s workforce, or roughly 850 jobs, based on its estimate of about 17,000 employees. Five days later, CNBC reported the plan as roughly 1,000 jobs, or about 6%. The figures belong to reports from different dates: the earlier estimate preceded the later account.
What reports said about employee support
On October 14, Deadline and the Associated Press reported that Netflix leaders would contact affected employees and that transition support would vary by country (Deadline; Associated Press).
