Netflix is laying off about 1,000 employees, or roughly 6% of its workforce, in what would be the streaming giant’s largest round of job cuts to date, it was reported Wednesday.

The layoffs will primarily affect employees in the company’s product, technology, legal and human resources departments, according to Variety, which obtained an internal email sent Wednesday morning by Netflix co-CEOs Ted Sarandos and Greg Peters.

“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 executives wrote in the memo.

The company said the reductions are part of organizational changes intended to focus resources on areas considered critical to its growth.

“Our business is strong and growing, and we remain on track to deliver our full year forecast,” Sarandos and Peters wrote.

Netflix did not immediately respond to a request for comment.

Netflix had approximately 16,000 full-time employees at the end of 2025.

The layoffs come despite continued revenue and profit growth for the company, which reported $45.2 billion in revenue in 2025, a 16% increase from the previous year, and net income of $11 billion, up 26%, according to Variety.

For 2026, Netflix has projected revenue of $51 billion to $51.4 billion, representing growth of 13% to 14%.

The latest cuts are the company’s largest to date, surpassing layoffs in 2022 that eliminated approximately 450 positions after Netflix reported its first quarterly subscriber decline in more than a decade.

Netflix also eliminated several dozen positions in its global product team earlier this year.

The company is scheduled to report its third-quarter earnings Tuesday, Oct. 20, after the stock market closes.

In their memo, Sarandos and Peters acknowledged the effect of the layoffs on employees and said company leaders would be contacting affected workers.

“Decisions like these are never easy, and we don’t take them lightly,” the executives wrote. “Our top priority today is to support those who are leaving Netflix.”