AI Summary

Netflix’s longtime chief content officer Bela Bajaria is departing after a decade with the company, and former Disney and Fox executive Peter Rice is slated to take over the role. Netflix announced the change on Thursday, following a layoff of roughly 1,000 employees—about 6 percent of its workforce—the largest cuts in its history. In a statement, co‑CEO Ted Sarandos thanked Bajaria for expanding unscripted programming, launching live events and sports, and overseeing a global slate of films and series. Rice’s appointment is presented as the next step in Netflix’s leadership transition.

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