Netflix has replaced key content executives, including chief content officer Bela Bajaria, with Peter Rice amid a push to boost viewing engagement as revenue growth slows.
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01Summary
- 01Netflix laid off 1,000 employees last week as part of the restructuring.
- 02Bela Bajaria was ousted as chief content officer and replaced by veteran TV exec Peter Rice.
- 03Head of film Dan Lin and his deputy Doug Belgrad, and director of original series Carolina Garcia were also let go.
- 04Co-CEO Ted Sarandos said on the Q3 2026 earnings call, 'I know that we could do better, and we want to build on that momentum.'
02Why it matters
This shake-up signals Netflix's urgency to revive subscriber growth and create more globally buzzy shows, which could change the type of content available to viewers.
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