{"id":104157,"date":"2026-10-14T14:56:44","date_gmt":"2026-10-14T14:56:44","guid":{"rendered":"https:\/\/site.itshrt.com\/worldnews\/netflix-is-cutting-6-of-its-workforce-as-its-revenue-growth-slows\/"},"modified":"2026-10-14T14:56:44","modified_gmt":"2026-10-14T14:56:44","slug":"netflix-is-cutting-6-of-its-workforce-as-its-revenue-growth-slows","status":"publish","type":"post","link":"https:\/\/site.itshrt.com\/worldnews\/netflix-is-cutting-6-of-its-workforce-as-its-revenue-growth-slows\/","title":{"rendered":"Netflix is cutting 6% of its workforce as its revenue growth slows"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<\/p>\n<div id=\"article-0\">\n  <!-- lil observer --><br \/>\n      <span class=\"content__observer-marker content__observer-marker--fixed lazyload\"\/><\/p>\n<section class=\"content__body\">\n<p>Netflix said it is laying off roughly 6% of its workforce, according to a memo to employees obtained by CBS News.<\/p>\n<p>The cuts will impact the company&#8217;s product, technology, legal and human resources departments, Netflix co-CEOs Ted Sarandos and Greg Peters wrote in the memo.\u00a0<\/p>\n<p>&#8220;Our business is strong and growing, and we remain on track to deliver our full-year forecast,&#8221; Sarandos and Peters said. &#8220;We&#8217;ll continue to invest aggressively in high-impact areas to improve our service and further drive growth and innovation. Doing that means making focused choices across the business so we can keep delivering for our members, partners, employees, and investors.&#8221;<\/p>\n<p>Netflix declined further comment on the planned layoffs.<\/p>\n<p>The news was first <a href=\"https:\/\/www.wsj.com\/business\/media\/netflix-eliminates-about-6-of-staff-in-biggest-cuts-since-2022-0a2d8ec3\" target=\"_blank\" rel=\"noopener\">reported<\/a> by the Wall Street Journal. The news outlet said Netflix&#8217;s job cuts will impact roughly 1,000 positions globally, the company&#8217;s largest workforce reduction since 2022.<\/p>\n<p>Netflix had roughly 16,000 full-time employees as of December 2025, according to a securities\u00a0<a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1065280\/000106528026000034\/nflx-20251231.htm\" target=\"_blank\" rel=\"noopener\">filing<\/a>.<\/p>\n<p>Although Netflix remains highly profitable, its growth has slowed in recent years amid mounting competition from other streaming platforms and a saturated North American market.\u00a0<\/p>\n<p>Netflix shares, which traded at just below $70 each on Wednesday, have fallen nearly 43% over the last 12 months.<\/p>\n<section class=\"content__body--footer\">\n<p class=\"content__meta--editors\">\n      Edited by<\/p>\n<p>                                  <a href=\"https:\/\/www.cbsnews.com\/team\/alain-sherter\/\" class=\"byline__author__link\" data-invalid-url-rewritten-http=\"\">Alain  Sherter<\/a>\n                      <\/p>\n<\/section>\n<p>  <!-- data-recirc-source=\"queryly\" --><\/p>\n<aside class=\"component list recirculation component--type-recirculation  \">\n        <\/aside>\n<section class=\"content__body--footer\">\n      <!-- tags --><\/p>\n<section class=\"content__tags\">\n<p class=\"content__tags__label\">In:<\/p>\n<\/section>\n<\/section>\n<\/section>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.cbsnews.com\/news\/netflix-workforce-layoffs-cuts\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Netflix said it is laying off roughly 6% of its workforce, according to a memo to employees obtained by CBS<\/p>\n","protected":false},"author":1,"featured_media":104158,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[1811,1966],"class_list":["post-104157","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-money-watch","tag-live-streaming","tag-netflix"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Netflix is cutting 6% of its workforce as its revenue growth slows - World News<\/title>\n<meta name=\"description\" content=\"The layoffs will affect the company&amp;#039;s product, tech, legal and HR teams, Netflix leaders said 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