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# Netflix readies layoffs affecting 5% of staff, Puck reports
- URL: https://www.medianexis.com/netflix-readies-layoffs-affecting-5-of-staff-puck-reports/
- Published: 2026-10-11T01:39:00.000Z
- Updated: 2026-10-11T01:39:00.000Z
- Description: Puck’s Matthew Belloni reports that Netflix is preparing a restructuring cutting about 5 percent of its roughly 17,000 employees, or around 850 jobs, with an announcement possible as early as next week. Netflix declined to comment to Puck on the plan.
- Author: The Signals Desk
- Tags: Streaming, Lucas Manfredi, Matthew Belloni, Erik Hayden, Borys Kit, Netflix eyes major layoffs

**Why it matters.** Netflix must manage morale and output risk as it trims roughly 850 jobs while competitors undergo similar restructuring.

*Based on reporting by* [*thewrap.com*](https://www.thewrap.com/industry-news/business/netflix-layoffs-5-percent-workforce/?ref=medianexis.com) *—* [*Lucas Manfredi*](https://www.medianexis.com/tag/by-lucas-manfredi/) *·* [*puck.news*](https://puck.news/netflix-is-sharpening-the-layoff-axe/?ref=medianexis.com) *—* [*Matthew Belloni*](https://www.medianexis.com/tag/by-matthew-belloni/) *·* [*hollywoodreporter.com*](https://www.hollywoodreporter.com/business/business-news/netflix-ax-stock-languishes-1236726192/?ref=medianexis.com) *—* [*Erik Hayden*](https://www.medianexis.com/tag/by-erik-hayden/)*,* [*Borys Kit*](https://www.medianexis.com/tag/by-borys-kit/)*.*