Netflix Restructures Leadership, Dismisses Content and Film Heads Amid Strategy Overhaul

Netflix has announced significant leadership changes, including the dismissal of content chief Bela Bajaria and film head Dan Lin, following recent layoffs of 1,000 employees. These strategic shifts aim to revitalize the streaming giant's content strategy amidst declining viewer engagement and a lack of new hit shows. The company's stock has seen a decline of over 40% since last year, reflecting growing investor skepticism.