Netflix is cutting about 1,000 jobs - roughly 6% of its workforce - in its largest round of layoffs to date, with the biggest impacts in product, technology, legal and HR. Co-CEOs Ted Sarandos and Greg Peters told employees the move is a matter of prioritizing people and resources: leaders will notify affected staff and the company says it will provide transition support and clarity. The company had roughly 16,000 full-time employees at the end of 2025; prior reductions include about 450 roles in 2022 and several dozen product-team roles earlier in 2026.
The company stresses that its business remains strong - 2025 revenue was $45.2 billion (up 16%) and net income $11 billion (up 26%) - but engagement per user slowed in the first half of 2026 and Q3 revenue guidance came in below analyst expectations. Netflix projects 2026 revenue of $51.0-$51.4 billion and an operating margin near 31.5%, and says it will continue to invest aggressively in “high-impact” areas while trimming elsewhere to drive growth and innovation. The cuts precede Netflix’s Q3 earnings report on Oct. 20, 2026; shares were slightly down in morning trading.
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Petal is an open-source, free remote screen sharing and collaboration tool from the makers of CoScreen, supporting low latency and high resolution. It allows multiple users to share, control, and interact with shared windows simultaneously, with options for cloud hosting, self-hosting, or full customization. (petal.live)
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