sources

Netflix plans a substantial round of layoffs as the streaming giant faces rising competition and pressure to retain its subscribers, according to people familiar with the job cuts.

The cuts are expected to affect 5% of the company‘s workforce, which could be 800 employees, according to one of the sources who was not authorized to comment. The job losses will affect the creative team including those working on features, the source said.

Netflix declined to comment. The planned cuts are believed to be the biggest at the Los Gatos company since 2022. The news was first reported by news outlet Puck.

Netflix has been under scrutiny from investors over how much time its subscribers spend on the streaming service. View hours rose only about 2% in the first half of 2026 compared with a year earlier, even as content spending climbed.

“Overall we’re not growing as fast as I want us to, and we’re working on making that move faster,” said Netflix co-Chief Executive Ted Sarandos at the Bloomberg Screentime event last week.

Netflix has noted how engagement can be measured in different ways. For example, its investment in live programming helps spur significant subscription sign-ups, even though it represents a small percentage of watch time on the streaming service, the company has said.

But some investors remain skeptical about the company’s future growth. Rival YouTube remains the leader in streaming viewing hours in the U.S. on TVs, representing 14.2% versus Netflix’s 7.8% in July, according to Nielsen. Netflix stock has also declined 43% compared to a year ago. On Friday, the stock closed at $70.30, down about 2%.

Netflix last conducted major layoffs in 2022 after the streamer reported subscriber losses for the first time in more than a decade. In May that year, the company laid off 150 workers and dozens of contractors and part-time workers in areas including its social media teams. The following month, it laid off 300 people or roughly 3% of its staff.

Recently, Netflix made changes to its games division. In August, the company closed its Hollywood-based gaming studio Night School and said it was in the process of closing its Helsinki-based gaming studio Moonloot.

WASHINGTON: President Donald Trump’s administration is planning to sell to Israel a munitions package worth $2.8 billion, which will include tens ​of thousands of highly destructive 2,000-pound bombs, according to a US official familiar with the sale.

The planned sale, which has been informally communicated to relevant congressional committees who weigh in on large arms sales, includes 20,000 MK 84s and 20,000 BLU-117s, the official, speaking on ‌the condition ‌of anonymity, said.

News of ​the ‌package ⁠was first ​reported ⁠by the Washington Post.

The State Department and the Israeli embassy did not immediately respond to a request for comment.

US public support for Israel has fallen since the Gaza war began in 2023, particularly among Democrats. A June Quinnipiac University ⁠poll found 48 percent of voters and ‌66 percent of Democrats ‌believe the United States is too ​supportive of Israel, up ‌from 16 percent and 20 percent when the question ‌was first asked in 2017.

The 2,000-pound bombs have been regularly used by Israel in Gaza as well as in Lebanon, drawing scrutiny from rights experts. More ‌than 73,000 Palestinians have been killed in Israel’s military campaign, according to ⁠Gaza health authorities. ⁠A UN inquiry determined that Israel had committed genocide in Gaza, a charge Isarel rejects.

Israel calls its actions self-defense, after Hamas-led militants killed 1,200 people and took more than 250 hostages in an October 2023 attack.

The US and Israel attacked Iran on February 28. Iran responded with its own strikes on Israel and Gulf states that host US bases. ​US-Israeli strikes on ​Iran and Israeli attacks in Lebanon have killed thousands and displaced millions.

BAGHDAD: Iraq ordered the closure of ​the Shalamcheh border crossing between Iraq and Iran as a precautionary measure ‌after ‌the ​latest ‌drone ⁠attacks ​on Saudi Arabia, two ⁠security sources told Reuters on Saturday.

The sources said ⁠a wide-scale ‌operation ‌was ​underway ‌to pursue perpetrators ‌of the attack on Saudi Arabia.

Riyadh said ‌on Friday its vital East-West pipeline ⁠was attacked ⁠by drones that were launched from Iraq.