Netflix Is Profitable and Still Growing. Why Did It Just Make a Huge Round of Layoffs and Oust Its Top Content Exec?

Netflix Is Profitable and Still Growing. Why Did It Just Make a Huge Round of Layoffs and Oust Its Top Content Exec? — Live Feedhttps://www.live-feeds.com/feed/netflix-is-profitable-and-still-growing-why-did-it-just-make-a-huge-round-of-layoffs-and-oust-its-top-content-execContinuously updated, source-cited coverage. Netflix Cuts 1,000 Jobs in Largest Layoffs Since 2022https://www.live-feeds.com/feed/netflix-is-profitable-and-still-growing-why-did-it-just-make-a-huge-round-of-layoffs-and-oust-its-top-content-exechttps://www.live-feeds.com/feed/netflix-is-profitable-and-still-growing-why-did-it-just-make-a-huge-round-of-layoffs-and-oust-its-top-content-exec#u135571Mon, 19 Oct 2026 11:01:59 +0000Netflix is eliminating roughly 1,000 jobs, amounting to about 6% of its workforce, in its largest round of workforce reductions since 2022. Despite remaining profitable and growing, the streaming company faces slowing engagement growth, a stagnant stock price, and intense competition from YouTube and free streaming alternatives. The cuts primarily impact product, technology, legal, and human resources teams, alongside unscripted casting and development executives. Leadership outlined the strategy in an internal memo to employees, raising questions about how a mature streamer narrows its corpor