Netflix is laying off 6% of its workforce
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Doug Belgrad is departing Netflix where he has been VP of Film for two years. His exit is part of the major layoffs at the streamer today.
As were Jason Pan, Aaron Davidson and Dan Evans.
Netflix conducted its deepest round of layoffs in years. But the job cuts don't address the streamer's biggest problem.
While Netflix continues to lead subscription streaming services, the company has continued to face growing scrutiny over how it plans to grow the Los Gatos company in the future.
The streamer’s share price is down more than 40 percent over the last year as the company has struggled with stalling engagement.
Netflix's big worry isn't other streamers like HBO, but mega tech platforms like YouTube and TikTok.
Netflix is entering uncharted territory by reporting box office figures for the first time on its awards hopeful 'La Bola Negra.'
Netflix TV layoffs have been revealed, including original series director Carolina Garcia, who exits after 10 years at the streamer.
Following a report last week that Netflix was planning to lay off five percent of the company, today the streamer’s co-CEOs Ted Sarandos and Greg Peters announced in an email th
The exec had been at the streaming giant since 2024, when he was hired by film chief Dan Lin.
Netflix is cutting 1,000 jobs in its biggest layoffs since 2022, despite reporting billions in profits and boasting that its business is «strong and growing,» as the streaming giant restructures 6% of its workforce.