Netflix Faces Scrutiny Over User Engagement Amid Leadership Shakeup and Layoffs

Netflix is under investor scrutiny regarding slowing user engagement and growth ahead of its third-quarter earnings report. The company recently undertook significant changes, including approximately 1,000 layoffs and the replacement of its content chief, Bela Bajaria, with Peter Rice. These moves signal a strategic recalibration to address intensifying competition and a shift in entertainment consumption.