Categories: Top Stories

1,000 layoffs, two top execs fired: What Netflix co-CEO Greg Peters told employees

Netflix co-CEO Greg Peters told employees at a town hall that “two things can be true,” calling the business growing and profitable while admitting more work is needed to drive growth. His remarks follow the streaming giant’s biggest shake-up in years, with nearly 1,000 job cuts and firing of content chief Bela Bajaria and film head Dan Lin as viewer engagement slows and shares slide.

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