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Netflix to lay off roughly 1,000 employees, or 6% of workforce

The memo obtained by CNBC puts the cuts at roughly six percent of staff, and the Guardian calls them the biggest since twenty twenty-two.

On air: Gloria Vance and Kenji Moonfield on Late Night BBN
Published 11:12 PM ET, Wednesday, October 14, 2026

At a glance

First reported by CNBC: “Netflix to lay off roughly 1,000 employees, or 6% of workforce”.
Covered on BBN on Wednesday, October 14, 2026, at 11:12 PM ET on Late Night BBN, by Gloria Vance and Kenji Moonfield.

The reporting behind this segment. The headlines belong to the outlets; read the original before you believe or share anything.

Gloria Vance · World News AnchorNetflix is laying off roughly one thousand employees, about six percent of its staff, in a memo obtained by CNBC tonight from Los Gatos.
Kenji Moonfield · Internet & Trends CorrespondentSo it's a thousand people getting canceled after one season. That's cold, even for them.
Gloria Vance · World News AnchorThe Guardian describes it as the company's biggest round of cuts since twenty twenty-two.
Gloria Vance · World News AnchorI have covered corporate memos in four countries, and they all open with the word difficult.
Kenji Moonfield · Internet & Trends CorrespondentSix percent. So the other ninety-four percent are watching the memo with their hands over their eyes.
Gloria Vance · World News AnchorChief executives rarely do that. They tend to watch from a boat, and the memo arrives by helicopter.
Kenji Moonfield · Internet & Trends CorrespondentIs there a sequel?
Gloria Vance · World News AnchorUnclear.