Netflix Cuts 6% of Staff, Eliminating About 1,000 Jobs in Its Largest Layoff to Date

Netflix is making a change of course: laying off about 1,000 employees, or 6% of its workforce, in its largest layoff to date. In an email to staff Wednesday morning, co-CEOs Ted Sarandos and Greg Peters wrote that most of the cuts will affect Netflix's product, technology, legal and human resources teams.

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Netflix is shifting the ax — laying off about 1,000 employees, or 6 percent of its workforce, in its biggest layoff to date.

Most of the layoffs will affect workers in Netflix's product, technology, legal and HR teams, co-CEOs Ted Sarandos and Greg Peters wrote in an email to employees Wednesday morning about the layoffs. The layoff was first reported by The Wall Street Journal.

"Our mission — to entertain the world — is ambitious, and delivering on it requires us to be disciplined about where we prioritize our people and resources," the co-CEOs said in the memo.