Friday, 9 October, 2026
Streaming Cuts: Netflix Set to Lay Off 5% of Workforce in Major Restructuring
By TechShots Studio
Netflix is reportedly planning to cut approximately 5% of its global workforce, translating to nearly 850 jobs. According to sources cited by Puck News, an official announcement regarding the restructuring could come as early as next week. While Netflix has declined to comment on the reports, the move signals a fresh wave of cost-cutting and operational streamlining across the tech and streaming sectors.
Read full story at REUTERS