Netflix Cuts 6% Staff, Replaces Content Chief in Strategy Reset

Netflix announced a 6% workforce reduction and replaced content director Bela Bajaria with Disney veteran Peter Rice, signaling a strategic pivot amid slowing subscriber growth. The move reflects an attempt to regain momentum in a maturing streaming market, though the specific strategic changes remain unclear.

AI disclosure: Model-written summary of the source, not a verified fact. Check the sources. How Mosaic works