Netflix is bracing for a major shake-up. Layoffs are expected imminently, with sources confirming a significant workforce reduction set to begin as early as Friday. The exact scale remains unclear — Puck reports a potential 5% cut, but the mood at the streamer is tense. No official comment has come from Netflix, though co-CEO Ted Sarandos acknowledged in a Bloomberg appearance last week that growth isn’t happening fast enough.
'We’re not growing as fast as I want us to,' he said, a rare admission of internal pressure. The stock has dropped over 40% in the past year, dragged down by stagnant subscriber gains. Just 2% growth in the first half of 2026. That’s a far cry from the explosive expansion of previous years.
The last big round of cuts was in 2022. Since then, only minor adjustments, like the February product division layoffs, have occurred. Now, the industry’s latest wave of cost-cutting is hitting Netflix. And it’s not just about numbers.
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