Netflix plans 1,000 job cuts
2d
Netflix planned to lay off about 1,000 employees, or 6% of its workforce, in its largest round of cuts since 2022, according to media reports.
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.