Netflix cuts 1,000 global jobs
6m
Netflix said Wednesday it would cut about 1,000 jobs, or 6% of its global workforce, amid slowing growth and intensifying competition.
by Robert B. Reich Reposted by Christopher McCabe
Netflix is laying off 1,000 workers — its largest layoff ever.
In 2025, Netflix had a net income of $11 billion (up 26%).
Its CEO was paid $53M (255x more than the median employee).
And it just raised prices for the second time in just over a year.
Corporate greed in a nutshell.
In 2025, Netflix had a net income of $11 billion (up 26%).
Its CEO was paid $53M (255x more than the median employee).
And it just raised prices for the second time in just over a year.
Corporate greed in a nutshell.
October 14, 2026 at 6:15 PM
Netflix is laying off 1,000 workers — its largest layoff ever.
In 2025, Netflix had a net income of $11 billion (up 26%).
Its CEO was paid $53M (255x more than the median employee).
And it just raised prices for the second time in just over a year.
Corporate greed in a nutshell.
In 2025, Netflix had a net income of $11 billion (up 26%).
Its CEO was paid $53M (255x more than the median employee).
And it just raised prices for the second time in just over a year.
Corporate greed in a nutshell.