Netflix Plans to Cut 5% of Its Workforce Amid Restructuring

WHO:

Variety - Netflix, a streaming giant, is involved in the layoffs.

Deadline - Sources describe the expected reduction as significant.

WHAT:

Variety - Netflix plans to lay off about 5% of its workforce.

Deadline - The layoffs are described as a "big one."

WHEN:

Variety - The layoffs could be announced as early as next week.

Deadline - Some sources expect the layoffs to start as early as Friday, with next week also being a possibility.

WHY:

Variety - The layoffs are part of a significant restructuring at Netflix.

HOW:

Variety - The restructuring will impact about 5% of staffers.

(UPDATED October 9, 2026 16:03 UTC)

Netflix is preparing to lay off about 5% of its workforce as part of a significant restructuring effort. Sources indicate that these layoffs could be announced as early as next week, with some expecting them to start on Friday. This reduction is being described as a "big one," highlighting the scale of the changes taking place at the streaming giant.