In a significant move, Netflix is set to lay off approximately 1,000 employees, which represents around 6% of its workforce. This decision marks the largest round of job cuts since 2022 and reflects concerns over slowing growth and intensifying competition, particularly with platforms like YouTube. Key executives, including Film VP Doug Belgrad, are among those impacted by these layoffs. While the company asserts that its business remains strong, the cuts come as Netflix faces challenges such as subscriber churn and the need to be more disciplined with resources.