# Streaming giant Netflix is set to cut six-percent of its workforce, or roughly one-thousand employees, its biggest layoffs since 2022. This will mainly affect human resources, legal, product and technology teams. Netflix co-CEOs Greg Peters and Ted Sarandos maintain the business is strong, but they need to be disciplined about where they prioritise staff and resources. Competition in the streaming space is growing more crowded, with platforms such as YouTube and TikTok attracting viewers with free-to-watch, user-generated content that gives them a cost advantage over Netflix.
Netflix to cut 1,000 jobs globally, affecting product, technology, legal and HR teams