Netflix Cuts 1,000 Jobs and Replaces Its Content Chief

Netflix is cutting roughly 1,000 jobs, its largest layoff to date, and has replaced chief content officer Bela Bajaria with veteran Peter Rice, who previously worked at Disney and 21st Century Fox. The shake-up comes even though the streamer posted an $11 billion net profit in 2025 on revenue that climbed 16% to $46.6 bill