The layoffs were first reported by Matt Belloni of Puck and noted that the cutbacks are a response to these specific operational challenges. Netflix has not yet disclosed the final timing of the layoffs or specified which departments within the organization will be most impacted.
Tuesday, October 20, 2026
Story
Netflix Cuts 850 Jobs Following Stock and Engagement Slide
Business12 days ago
The streaming giant is preparing to eliminate about 5% of its total headcount in a wave of workforce reductions. This plan will result in the loss of approximately 850 jobs and comes after the company faced pressure from a depressed stock price and weakening user engagement metrics.
Looking for more context or analysis?
Tilt chat provides reliable, tailored insights, alerts, and automations.