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Netflix announced it will cut about 1,000 jobs, roughly 6% of its workforce, in its largest layoff round since 2022. The cuts were announced less than a week before the company reports third-quarter earnings on Oct. 20.
Netflix is cutting roughly 1,000 positions globally, its largest round of layoffs since 2022. Co-CEOs Greg Peters and Ted Sarandos said in an email to employees Wednesday morning.
Five Below reported Q2 2026 sales of $1.3 billion, up 23%, with adjusted diluted EPS of $1.68 and comparable sales growth of 14%. It raised full-year sales guidance to $5.63 billion-$5.71 billion.