Netflix Cuts 1,000 Jobs, Ousting Film VP Doug Belgrad in 6% Workforce Restructuring
Updated
Updated · Variety · Oct 14
Netflix Cuts 1,000 Jobs, Ousting Film VP Doug Belgrad in 6% Workforce Restructuring
3 articles · Updated · Variety · Oct 14
Summary
Around 1,000 Netflix employees were laid off Wednesday — about 6% of staff — and the cuts included film vice president Doug Belgrad and film director Sheroum Kim.
Most reductions hit product, technology, legal and HR teams, with co-CEOs Ted Sarandos and Greg Peters calling it the company’s biggest job-cut round yet.
Belgrad, hired in May 2024 as Dan Lin’s first major film executive appointment, oversaw Netflix originals and recently launched Ben Affleck’s crime thriller “Animals.”
The restructuring follows several dozen product-team cuts earlier this year and exceeds Netflix’s 2022 layoffs of about 450 employees after a rough quarter.