Netflix Layoffs: 6% Workforce Cut Amid Restructuring, But Company Says Business Remains Strong
Netflix is laying off roughly 6% of its workforce, with the cuts falling largely in product, tech, human resources, and legal departments, according to a memo obtained by CNBC. The move marks the company’s latest round of job reductions since its last major layoffs in 2022, when Netflix lost subscribers for the first time in more than a decade. Among the notable exits are Kelly Caton, senior director of series awards strategy and publicity, and Dominic Pagone, director of entertainment communications. Caton had overseen deals with top creators like The Duffer Brothers, Brian Yorkey, Jennifer Lopez’s Nuyorican Productions, Archewell, Shawn Levy’s 21 Laps, Mara Brock Akil, and Marti Noxon, and worked on hit shows such as “Stranger Things,” “Chilling Adventures of Sabrina,” and “Atypical.”
Despite the planned workforce reductions, co-CEOs Ted Sarandos and Greg Peters indicated that Netflix remains on track to meet its full-year financial forecast, according to The Wall Street Journal. In a message to employees, the executives said, “Our business is strong and growing, and we remain on track to deliver our full-year forecast.” They also told staff that the company would continue investing in key priorities while taking a more selective approach to allocating resources. This suggests that while Netflix is trimming costs in certain areas, it is not pulling back on its core content and growth strategies.
The layoffs come amid a broader wave of consolidation in the entertainment industry, including the recent merger of Warner Bros. Discovery, which brought major entertainment and streaming properties under one company. Netflix’s decision to cut jobs in product, tech, HR, and legal—rather than in content—may reflect a focus on operational efficiency as it navigates a competitive streaming landscape. The company has been investing heavily in its ad-supported tier and password-sharing crackdown, which have helped drive subscriber growth. However, the restructuring signals that even market leaders are not immune to pressures to streamline operations.
For now, Netflix appears confident in its financial trajectory. The executives’ reassurances to employees
Shimanta Das 
