Home News Netflix Cuts 300 Employees in New Round of Layoffs  

Netflix Cuts 300 Employees in New Round of Layoffs  

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Hollywood Reporter

About 216 staffers impacted were working in the United States.

Netflix has cut an additional 300 employees — around 3 percent of its workforce — marking the latest round of major layoffs at the beleaguered streaming giant. “Both Ted and I regret not seeing our slowing revenue growth earlier so we could have ensured a more gradual readjustment of the business,” read a note sent to staff on Thursday from Netflix co-chiefs Reed Hastings and Ted Sarandos. About 216 staffers impacted were in the United States; 30 employees were cut in Asia-Pacific countries; 53 in Europe, the Middle East and Africa; and 17 in Latin America, the memo stated.

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