Business · India Bureau
Netflix to slash 1,000 jobs in largest layoff since 2022
The streaming giant is set to cut approximately 1,000 positions from its workforce in what marks its most significant reduction since 2022. The layoffs come as Netflix, which employed around 16,000 people at the close of last year, continues to navigate shifting market conditions.
LSN India ·
Netflix is preparing to eliminate approximately 1,000 jobs, representing the company's largest workforce reduction since 2022, according to multiple reports. The layoffs will impact a significant portion of the streaming platform's global operations, with over half of the affected roles based in the United States.
The company's total headcount stood at around 16,000 employees at the end of the previous year. This latest round of cuts follows earlier restructuring efforts undertaken by the video streaming service as it adapts to evolving industry dynamics and competitive pressures in the global entertainment landscape.
The decision reflects ongoing challenges facing major technology and media companies as they balance operational costs with revenue growth targets. Netflix has been adjusting its business strategy in recent months, including efforts to crack down on password sharing and expand its advertising-supported tier to diversify revenue streams.
The layoffs are expected to affect various departments across the organisation, though specific details regarding which divisions will be most impacted remain unclear. The move comes as the streaming industry continues to mature and consolidate, with major players competing intensely for subscribers and content investment priorities.