Netflix Cuts About 1,000 Jobs in Communication Services Sector

Netflix, Inc. said it will eliminate about 1,000 jobs worldwide in a set of workforce reductions announced during the October 17–18, 2026 period, affecting employees across its product, technology, legal and human-resources teams, according to reports by CNBC, Cartoon Brew and Page Six.

Lede

In the Communication Services sector, Netflix, Inc. moved to reduce its global headcount by roughly 1,000 roles on Oct. 17–18, 2026, with the company identifying cuts concentrated in product, technology, legal and human-resources functions, per reporting by CNBC, Cartoon Brew and Page Six.

Reported layoffs

• Netflix, Inc. disclosed an internal plan to eliminate about 6% of its workforce, described as roughly 1,000 positions, with the reductions characterized as global in scope (reported by CNBC, Cartoon Brew and Page Six). The available account specifies the bulk of the job cuts will fall within product, technology, legal and human-resources teams.

• The company’s co-CEOs, Greg Peters and Ted Sarandos, framed the actions as prioritizing people and resources to boost growth and engagement, noting challenges in growing faster despite higher viewing hours; that characterization was included in the reporting cited above.

Timing and sources

The reported actions were first confirmed to reporters and publicly reported by the named outlets; the filing status with state WARN programs or other government notices was not provided in the supplied records.

Closing

Per the cited reports, Netflix, Inc. implemented a reduction of about 1,000 roles during the October 17–18, 2026 window, concentrated in product, technology, legal and HR teams, as part of a company-led reprioritization of resources in the Communication Services sector.