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As Netflix operates in 190+ countries it needs to follow local rules and regulations for each of the countries. So considering 5 developers per country we would get a huge number of little less than 1000 team members. The statement is just a hypothetical example to make you understand the proportionality between the scale of operation and the developer's requirement to manage such a huge scale.
Not just Netflix but all the tech giants require hundreds of developers to cater to their millions of users. Hope my answer helps you in understanding why does Netflix require hundreds of engineers to develop an app like Netflix