Netflix announced layoffs of about 1,000 positions globally, roughly 6% of a staff of over 16,000, on October 15, 2026, its largest round since 450 cuts in 2022. It replaced chief content officer Bela Bajaria with former Disney executive Peter Rice, and the cuts reached the film chief as well, following a downgraded Q4 forecast. Reporting since has put the stock down more than 40 percent over the past year and noted five years in gaming without a breakout title, with some acquired studios closed. The discussion now weighs whether the cuts are a one-time reset or the start of a longer contraction.