Netflix reportedly plans 850 job cuts

Puck News broke the story at 1:39 AM ET on Oct. 9: Netflix is preparing to cut about 850 jobs, roughly 5% of a 17,000-person workforce, with word possible as early as the following week. The outlet cited people familiar with the matter. Netflix has not confirmed the plan and declined comment to Reuters. Reuters tallied about 16,000 full-time employees at the end of last year; ijr and wire write-ups use the 17,000 figure for the percentage. Contested: No outlet disputes the leak’s core numbers against another source; the company simply has not verified them. Side threads in coverage include Netflix’s failed $72 billion bid for Warner Bros. Discovery and its March 2026 acquisition of InterPositive, the AI filmmaking startup founded by Ben Affleck, which Bloomberg said could reach $600 million through performance earn-outs with lower cash upfront. Next up is the Oct. 20, 2026 earnings report, where investors will hear from co-CEOs Ted Sarandos and Greg Peters. The last major Netflix cuts came in 2022, when hundreds of jobs went amid slowing growth and subscriber losses.