Netflix lays off 6% of its workforce

[gagzus 26,703]

Netflix is swinging the axe — laying off around 1,000 employees, representing 6% of its workforce, in what is its biggest layoff to date.

Most of the layoffs will affect workers in Netflix’s product, technology, legal and HR teams, co-CEOs Ted Sarandos and Greg Peters wrote in an email to employees Wednesday morning about the layoffs. 

“Our mission — to entertain the world — is ambitious, and delivering on it requires us to be disciplined about where we prioritize our people and resources,” the co-CEOs said in the memo, a copy of which was obtained by Variety (read it in full below).

https://variety.com/2026/tv/news/netflix-layoffs-1000-employees-1236911239/

[River 129,570]

So basically the team that worked on the failed WB deal.

[gagzus 26,703]

47 minutes ago, River said:

So basically the team that worked on the failed WB deal.

Pretty much, but it’s also likely they used the money saved from their wages to do the Disney licensing deal to put some Disney property on their service. 

Edited Wednesday at 04:24 PM by gagzus

[Hydrangea 8,417]

We should lay off the ceos from this mortal coil 

[bxr 3,449]

1 hour ago, Hydrangea said:

We should lay off the ceos from this mortal coil 

* Gaga chuckles in Board of Directors * C-Suite averted!