Layoffs are less than 0.5% of total staff

As of March 2026, Netflix is believed to employ roughly 16,000 people worldwide.
These layoffs are less than 0.5% of the total staff, and no senior executives were among those let go.

Elizabeth Stone promoted to chief product and technology officer

Alongside the cuts, Netflix promoted Elizabeth Stone to chief product and technology officer on February 2, 2026.
She now leads product, engineering, and data teams after Eunice Kim left in September 2025; her tenure included a major user-interface update that management linked to subscriber growth.