Netflix executive changes and job cuts

Key developments

1. Oct 16, 2026

   Netflix plans to cut about 1,000 jobs, or 6% of its workforce.

   157 sources on this →
2. Oct 16, 2026

   Netflix named ex-Disney executive Peter Rice to replace content chief Bela Bajaria effective Oct. 26.

   24 sources on this →

Coverage across the spectrum

Stories in this storyline

Business

Netflix to Cut 1,000 Jobs, 6% of Workforce

Netflix is reportedly planning its largest layoffs since 2022, with reports estimating cuts of roughly 5% to 6% of its workforce—about 800 to 1,000 jobs—as the company seeks to improve growth. Netflix has not confirmed the reports, which come ahead of its third-quarter earnings report.

157 sources

Entertainment

Netflix Names Peter Rice to Replace Bela Bajaria

Day after a memo cutting about 1,000 jobs (6%, largest since 2022), Netflix replaced content chief Bela Bajaria with ex-Disney exec Peter Rice, effective Oct. 26.