Netflix's 2022 layoffs
After reporting its first subscriber loss in a decade, Netflix cut about 150 roles in May 2022 and 300 more in June. Co-CEO Reed Hastings apologized to staff for not recognizing the revenue slowdown sooner.
The cuts saved costs as Netflix launched an ad-supported tier and cracked down on password sharing to revive growth.
Broke Netflix's no-layoffs reputation and signaled the end of breakneck growth.
The 2026 notice extends the same cost discipline, this time touching Los Angeles studio operations.
