Popular OTT giant Netflix is ​​preparing to give its employees a big shock. Media reports are reporting that the company is preparing to lay off about 5 percent of its total staff, or about 800 employees. Several reports quoting people familiar with the matter say that an announcement regarding this could be made as early as next week.

By the end of 2025, Netflix will have about 16,000 full-time employees worldwide. Of these, 68 percent work in the US and Canada. If the latest layoffs materialize, this will be the largest job cut at Netflix since 2022. 

Even at that time, the company laid off hundreds of people due to slowing growth and a temporary drop in subscribers. Netflix refused to respond to the current rumors.

However, it is not yet clear which departments will be most affected by these cuts. It is expected that the cuts will include creative teams working on feature films. Netflix is ​​facing a challenge from fierce competition in the streaming market, media company mergers, and platforms like YouTube that are increasingly attracting viewers and advertising revenue. 

In this context, Netflix is ​​changing its business strategy. Instead of relying solely on subscriptions, it is focusing on new areas such as ad-supported plans, live programming, and gaming. Speaking at a recent conference, the company's co-CEO Ted Sarandos admitted that although they are growing, they are not growing as fast as the leadership had hoped.

Financially, the company earned $12.56 billion in revenue in the second quarter results announced in July this year. This is 13 percent higher than last year. However, the company's reduction in revenue estimates for the full year 2026 and the significant decline in the company's share price over the past year are causing concern among investors. These reorganization measures have become important as the company is scheduled to announce its next quarterly results on October 20.