Netflix cuts about 1,000 jobs, its largest reduction since 2022, and reshuffles top film leadership
Netflix has laid off roughly 1,000 employees, its biggest workforce reduction since 2022, and is also changing its senior leadership. Peter Rice will temporarily take over film duties until a new head of the division is chosen.
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Layoffs and leadership changes
According to Reuters, Peter Rice will take on the responsibilities of the film chief until a successor is selected. Rice was recently named director of content, the outlet reported (Takich zwolnień w Netfliksie nie było od lat. Zmiany także w kierownictwie – RMF24).
Scale of the cuts
Trade media report that the streaming service announced the layoff of about 1,000 staff last week. The reduction is the largest the company has carried out since 2022.
Weaker audience growth
The Hollywood Reporter reports that Netflix has recently not been attracting viewers at the pace its management would like, a trend it links to the platform's subscriber numbers. The new leadership is expected to focus on producing large, high-profile hits that could help revive the service and break a period of stagnation.
Context
The changes come as the company tries to reverse slowing momentum in a crowded streaming market. The job cuts and the reshuffled executive team show that Netflix is refocusing its content strategy on blockbuster titles rather than broad expansion.
Sources
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