Netflix is laying off around 1,000 employees

<figure> <img alt="An illustration of the Netflix logo." data-caption="" data-portal-copyright="Illustration by Alex Castro / The Verge" data-has-syndication-rights="1" src="https://platform.theverge.com/wp-content/uploads/sites/2/chorus/uploads/chorus_asset/file/23923974/acastro_STK072_04.jpg?quality=90&#038;strip=all&#038;crop=0,0,100,100" /> <figcaption> </figcaption> </figure> <p class="wp-block-paragraph">Following a <a href="https://www.theverge.com/streaming/1008911/netflix-is-reportedly-planning-layoffs-soon" data-type="link" data-id="https://www.theverge.com/streaming/1008911/netflix-is-reportedly-planning-layoffs-soon">report last week that Netflix was planning to lay off</a> five percent of the company, today the streamer's co-CEOs Ted Sarandos and Greg Peters announced in an email that it would actually be laying off six percent of its workforce, or around 1,000 employees, according to <em>Variety</em>, which obtained a copy of the memo. That makes this Netflix's largest round of layoffs so far, following the company <a href="https://www.theverge.com/2022/5/17/23103131/netflix-layoffs-tudum-streaming-subscriber-loss-email" data-type="link" data-id="https://www.theverge.com/2022/5/17/23103131/netflix-layoffs-tudum-streaming-subscriber-loss-email">cutting 150 jobs in May 2022</a>, and an <a href="https://www.theverge.com/2022/6/23/23180281/netflix-layoffs-cuts-300-jobs" data-type="link" data-id="https://www.theverge.com/2022/6/23/23180281/netflix-layoffs-cuts-300-jobs">additional 300 in June 2022</a> in an attempt to reduce costs following slower revenue growth.</p> <p class="wp-block-paragraph">Today's layoffs will mostly affect staff in Netflix's product, technology, human resources, and legal teams, acco …</p> <p><a href="https://www.theverge.com/tech/1011058/netflix-layoff-six-percent-thousand-employees">Read the full story at The Verge.</a></p>