- Variety, Sunday, October 11, 2026 8:40 PM
Netflix is planning to lay off about 5% of its staff, Variety reports, quoting Puck News. The story, which is based on anonymous sources, says the layoff is part of
a restructuring that could be announced as early as next week. Netflix had roughly 16,000 full-time employees at the end of last year, and a 5% reduction would mean 800 jobs are being
eliminated. Read the whole story at Variety »