Netflix Appoints Peter Rice as Chief Content Officer Amid Layoffs and Bela Bajaria's Departure

Netflix has announced a significant executive restructuring, with Chief Content Officer Bela Bajaria departing after a decade. Former Disney and Fox executive Peter Rice will succeed her, taking charge of Netflix's global content operations. This change comes alongside the company's largest workforce reduction to date, with approximately 1,000 employees (6% of its global workforce) being laid off.