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Netflix to lay off 1,000 staff amid intensifying competition for user attention

Netflix has announced it will lay off around 1,000 employees, representing 6% of its workforce, primarily affecting product, tech, legal, and HR teams. This decision comes as the streaming giant faces fierce competition from platforms like...

TechCrunch· Oct 14, 2026 · 7:53 PM · 1 views

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Netflix has announced it will lay off around 1,000 employees, representing 6% of its workforce, primarily affecting product, tech, legal, and HR teams. This decision comes as the streaming giant faces fierce competition from platforms like TikTok and YouTube, pushing it to prioritize resources effectively.

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