According to Variety, Netflix is cutting dozens of staff from its global product team and undergoing internal restructuring.
The streamer declined to comment or confirm the exact figures, but the reduction is understood to have been given to its Creative Studio unit, a team of designers and producers who create marketing such as posters, in-app trailers, content for live experiences across content, products and marketing.
As part of the reorganization, some layoffs resulted in redundancies, while others moved to other positions at Netflix. Officials said the layoffs were not performance-based and the employees made up a very small percentage of the team.
Last month, Elizabeth Stone was promoted from Netflix’s chief technology officer to chief product and technology officer, with responsibilities spanning product, engineering and data teams. In December 2025, Netflix hired Martin Rose from London agency Mother as creative head of global brands and partnerships.
Netflix is thought to employ around 16,000 people worldwide, although official figures have not been disclosed. Almost 70% are believed to be based in the United States and Canada, with additional locations in Europe, the Middle East, Africa, Asia Pacific, and Latin America. In 2023, the number of employees was reported to be 13,000.
News of the layoffs comes just as Netflix finds itself holding an additional $2.8 billion in break-up fees it received from Paramount Skydance after David Ellison raised a hostile bid for WBD and forced the streamer to break the deal.
On February 25, Netflix formally rejected an increased offer for Warner Bros. Discovery after WBD declared Paramount Skydance’s latest bid to be a “superior offer” to the agreement it already had with Netflix. Co-CEOs Ted Sarandos and Greg Peters said in a joint statement that the new price made the acquisition “no longer financially attractive and we decline to match Paramount Skydance’s bid.”
Deadline first reported the layoffs.
