Netflix—Netflix laid off approximately 450 employees in two rounds in 2022 after first subscriber loss
In May 2022, Netflix eliminated 150 positions following its first subscriber loss in a decade, including cutting several animated projects such as 'Antiracist Baby' and 'Wings of Fire.' In June 2022, a second round cut approximately 300 more positions, with 216 in the US and 84 internationally. The layoffs cost $70 million in severance. Co-chiefs Reed Hastings and Ted Sarandos acknowledged they regretted not seeing slowing revenue growth earlier. The cuts disproportionately affected the animation division and creative roles.
Scoring Impact
| Topic | Direction | Relevance | Contribution |
|---|---|---|---|
| Worker Rights | -against | primary | -1.00 |
| Overall incident score = | -0.885 | ||
Score = avg(topic contributions) × significance (high ×1.5) × confidence (0.59)
Evidence (1 signal)
Netflix cut 150 jobs in May 2022 and 300 more in June 2022
Netflix eliminated 150 positions in May 2022 following its first subscriber loss in a decade, including cutting animated projects like 'Antiracist Baby' and 'Wings of Fire.' In June 2022, approximately 300 more positions were cut (216 US, 84 international). The layoffs cost $70 million in severance and disproportionately affected the animation division.