Netflix co-CEOs Ted Sarandos and Greg Peters announced the cuts in a memo to staff Wednesday morning.
—
Alex Weprin,
HollywoodReporter,
14 Oct. 2026
Netflix has initiated a major round of layoffs Wednesday, eliminating about 6% of its global staff or some 1,000 jobs for its biggest round of job cuts in four years.
In doing so, the report adds new data to a growing pile of information about poverty and economic hardship in the state, showing that even before some of the upcoming federal benefit cuts take effect, a growing number of households are struggling.
—
P.R. Lockhart,
Hartford Courant,
14 Oct. 2026
The announcement comes as inflation adds pressure on household budgets and businesses and as midterm elections are weeks away.
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