Netflix

Media
United States1 layoff round tracked
450

Total Jobs Cut

June 2022

Most Recent

450

Largest Single Layoff

No

AI Cited

Layoff Timeline

June 2022

450 jobs cut(4% of workforce)

Reason: First subscriber loss in a decade; cost reduction

Source: CNBC

About Media Layoffs

14,564

Total industry layoffs

11%

AI-cited events

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Other Media Layoffs

Omnicom Group

1 round

4,000 jobs
Paramount

1 round

2,000 jobs
Paramount

1 round

2,000 jobs
Spotify

1 round

1,500 jobs
RTL

1 round

1,000 jobs

Sources

CNBC

First subscriber loss in a decade; cost reduction

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