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Netflix Co-CEO admits US streaming platform needs better shows after 1,000 layoffs

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Netflix recently laid off around 1,000 employees and replaced key leadership amidst declining revenue growth. Chief Content Officer Bela Bajaria was replaced by Peter Rice, who will also manage the film division. Netflix's third-quarter results revealed the slowest revenue increase in nearly three years, sparking concerns about their programming strategy. Co-CEO Ted Sarandos admitted the need for better execution in the US market.

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Netflix Co-CEO admits US streaming platform needs better shows after 1,000 layoffs
TOI TECH DESK · 10/21/2026, 1:42:08 PM
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