Netflix (NasdaqGS:NFLX) plans to cut about 6% of its workforce, or roughly 1,000 roles, in a newly announced restructuring. The job reductions represent Netflix's largest staff cut since 2022, as the streaming platform responds to shifting viewing habits and rising competition. A coalition of Hollywood agents and producers is backing proposed legislation that would require streamers to spend 50% of original content budgets with independent U.S. producers. The same proposal would return some content rights to independent producers after several years, which could reshape how Netflix structures its deals. The 6% layoffs and proposed content sourcing rules matter, but investors also need to weigh Netflix's broader risks and fundamentals.
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