Netflix to cut 1,000 jobs after ending Warner Bros. bid
The layoffs amount to roughly 6% of Netflix's global workforce and follow the company's abrupt withdrawal from a Warner Bros. acquisition.
Netflix announced on October 15, 2026 that it is cutting around 1,000 jobs, roughly 6 percent of its global workforce, according to tech42.co.kr. The company made the decision abruptly after withdrawing its attempt to acquire Warner Bros. earlier this year.
Co-CEOs Ted Sarandos and Greg Peters described the move as a step to sustain growth and focus resources on the core business.
Context
The layoffs are Netflix's largest restructuring since 2022. Last year, the company posted revenue of about 45.2 billion dollars.
Quick answers
How many jobs is Netflix cutting?
Around 1,000 jobs, about 6 percent of its global workforce.
Why is Netflix cutting jobs?
Co-CEOs Ted Sarandos and Greg Peters said the move is meant to sustain growth and focus resources on the core business, after Netflix withdrew its attempt to acquire Warner Bros. earlier this year.