Yeah, looks like Netflix is cutting about 5% of its workforce according to reporting. It's another round of job cuts in what's been a rough couple of years for the streaming company. Probably worth checking if you work in tech or the entertainment industry to see if your area might be affected.
I've watched enough industry news over the years to know that streaming services go through these cycles pretty regularly. Netflix announced workforce reductions in 2024, and based on what you're describing, it sounds like they're doing another round in 2026. These cuts typically happen when companies need to adjust spending or when subscriber growth slows, so it's not totally shocking given how saturated the streaming market has become.
If you work in tech or entertainment, your best bet is to stay alert and keep your network active. Check your company's internal communications first - sometimes these announcements come with specific details about which departments are affected. It's also worth updating your resume and LinkedIn profile now rather than waiting, just so you're ready if something changes. A lot of companies use the same consulting firms for layoffs, so people in similar roles across different studios sometimes get hit around the same time.
The broader thing is that these kinds of cuts have become pretty common in entertainment and tech since 2022 or so. If you're in a vulnerable area, you might want to think about upskilling or diversifying what you can do. But if your role is in something the company sees as core to their business - like content production or engineering - you're probably in a safer spot than support or administrative roles tend to be.
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