Netflix is reportedly preparing to cut around 5% of its workforce, with an announcement potentially coming as early as next week. The streaming giant is considering the reductions amid growing competition and pressure to sustain audience engagement.
Netflix had approximately 16,000 full-time employees at the end of 2025. A 5% reduction based on that workforce would affect around 800 employees. However, some reports have cited a workforce estimate of approximately 17,000, which would put the potential cuts closer to 850 jobs.
It is not clear what department or region would be targeted in case of such layoffs. The company has not revealed whether these job losses would be part of an overall restructuring process or cost reduction program.
Netflix laid off hundreds of employees in 2022 amid slowing subscriber growth and a decline in its subscriber base.
Media companies are consolidating their businesses, while YouTube is attracting a growing share of viewers and advertising spending. These shifts are changing how streaming companies compete for audience attention and generate revenue.
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Netflix has been investing in advertising-supported plans, live programming and gaming. Advertising has become an increasingly important part of the company’s strategy, while live events and games offer opportunities to keep subscribers engaged. However, Netflix has not confirmed whether these investments are connected to the reported job cuts.