Netflix layoffs could be announced as early as next week, with the streaming giant reportedly planning to cut about 5% of its workforce, or around 850 jobs, as part of a wider restructuring, according to Puck News. The Netflix job cuts would be its biggest since 2022 and come ahead of Q3 earnings on October 20, as slowing engagement, a falling stock and rising costs put pressure on co-CEO Ted Sarandos. Netflix layoffs could be announced as early as next week, with the streaming giant reportedly planning to cut about 5% of its workforce, or around 850 jobs, as part of a wider restructuring, according to Puck News. The Netflix job cuts would be its biggest since 2022 and come ahead of Q3 earnings on October 20, as slowing engagement, a falling stock and rising costs put pressure on co-CEO Ted Sarandos.
