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Newest firstToday · Monday 26 October
- United States·News
Netflix layoffs and exec shake-ups expose Hollywood-Silicon Valley rift
Netflix has laid off about 6% of its workforce and abandoned an $82.7 billion bid for Warner Bros., facing investor scrutiny over its growth strategy. Tensions between its L.A.-based content executives and Silicon Valley engineering teams have deepened since co-founder Reed Hastings handed the co-CEO role to Ted Sarandos and Greg Peters in January 2023.