Netflix axes 1,000 jobs

The Wednesday memo obtained by THR read in part: “Our mission—to entertain the world—is ambitious, and delivering on it requires us to be disciplined about where we prioritize our people and resources. Our business is strong and growing, and we remain on track to deliver our full-year forecast. We’ll continue to invest aggressively in high-impact areas to improve our service and further drive growth and innovation. Doing that means making focused choices across the business so we can keep delivering for our members, partners, employees, and investors.”

Netflix’s latest round of firings surpasses its ’22 layoff spree, which totaled roughly 450 to 500 jobs across its editorial, product, and animation departments, making one ponder how big a company needs to grow before its in-office employees have to start communicating via homing pigeon. At any rate, the streamer is expected to post its Q3 earnings report next week. No doubt it’s been a rocky year for corporate entertainment overall, with Disney conducting a series of layoffs in 2026 (with 300 axings hitting in late September), and sittin’-pretty Skydance CEO David Ellison suggesting that “difficult decisions” lie ahead for the pulsating company mass formed by Paramount Skydance’s merging with Warner Bros. earlier this month.