more on NFLX Netflix is reportedly preparing to cut approximately 850 jobs, or 5% of its 17,000-person workforce, as part of a restructuring expected to be announced next week, according to Puck News. * Restructuring: The layoffs remain unconfirmed and come amid stock pressure, slowing viewer engagement and concerns over the company’s growth strategy. * Acquisition setback: Netflix’s unsuccessful $72B bid for Warner Bros. Discovery added to questions about its expansion plans. * AI investment: Netflix acquired AI filmmaking startup InterPositive in March in a deal potentially worth up to $600M, including performance-based payments. No direct connection to the reported layoffs has been established. * Upcoming earnings: Netflix reports results October 20, when investors will look for updates on growth, restructuring and management’s strategy. 09-OCT-2026 07:53 AM ET