Overview
- Multiple outlets citing unnamed sources say Netflix is preparing a significant round of layoffs, but the company has not confirmed timing or scope.
- A Puck estimate cited in coverage places the potential reduction at about 5% of Netflix’s workforce, though that figure remains unverified.
- Reporters say Netflix did not respond to requests for comment and no public announcement had been made at the time of reporting.
- Netflix co-CEO Ted Sarandos recently acknowledged the service was not growing as fast as he wants and said the company is working to speed that progress.
- The possible cuts would follow a large 2022 reduction and smaller product-team layoffs in February and could deepen cost-cutting and restructuring pressures on employees and operations.