Netflix to Lay Off 800 Employees in Major Restructuring Move

Netflix is preparing to cut around 800 jobs as part of a significant restructuring, according to recent reports. The streaming platform, which ended 2025 with approximately 16,000 full-time staff, is expected to announce the layoffs as early as next week. This reduction could affect nearly 5% of its workforce and marks the largest job cut at the company since 2022, when Netflix let go of about 450 employees following a subscriber decline.

The company has not issued an official statement regarding the reported layoffs. However, the move comes at a time when Netflix is under pressure to boost its growth rate and increase viewer engagement. While revenue has grown across various regions, the rise in viewing hours has been modest. Co-CEO Ted Sarandos recently acknowledged that Netflix's growth has not met his expectations and indicated that new initiatives are being explored to accelerate progress.

It remains unclear which departments will be most affected by the upcoming job cuts. Earlier this year, Netflix implemented smaller reductions, including within its global product team. The company is now expanding its business model beyond subscriptions, focusing on advertising, live programming, and gaming to attract new audiences and generate additional revenue streams.

Competition in the streaming sector has intensified, with platforms like YouTube and other rivals vying for viewers' attention and advertising budgets. The latest restructuring reflects Netflix's efforts to adapt to these evolving market dynamics and maintain its leadership in the digital entertainment space.