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Rebecca Rubin
Senior Film and Media Reporter
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Getty Images for Sony Pictures Netflix‘s film VP Doug Belgrad has been let go amid a massive restructuring at the streamer.
Netflix is laying off around 1,000 employees, around 6% of its workforce, in what marks the company’s largest axing to date. Most of the cuts will effect employees on the product, technology, legal and HR teams, co-CEOs Ted Sarandos and Greg Peters told the staff on Wednesday morning.
“Decisions like these are never easy, and we don’t take them lightly. Our top priority today is to support those who are leaving Netflix,” the co-CEOs said in the memo, which didn’t name any of the departing employees. “The process will vary somewhat by country, but leaders will be connecting with impacted employees soon. If you are leaving, please know that we will support you throughout this transition and make sure you have as much clarity and context as possible. We also want to say thank you. What you’ve built, and the care you brought to Netflix, have made a lasting difference and we will always be grateful.”
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