Netflix announced layoffs affecting approximately 1,000 employees, with the cuts primarily impacting its product, tech, legal, and human resources departments. The move comes as competition for user attention intensifies across the streaming industry.
Background
Netflix has been facing growing competition from Disney+, Amazon Prime Video, and other streaming platforms, leading to increased pressure on subscriber growth and profitability.
- Source
- TechCrunch
- Published
- Oct 14, 2026 at 10:55 PM
- Score
- 5.0 / 10