Netflix layoffs: 1,000 jobs to go as streaming giant expands into ads, live sports and gaming

Netflix is planning to cut about 6% of its workforce, or roughly 1,000 jobs, in its biggest round of layoffs since 2022, the Wall Street Journal reported on Wednesday, citing an email sent to employees.

The reported job cuts come as the streaming giant faces intensifying competition for viewers’ time in an increasingly consolidated media market.