Friday, 23 October 2026 Updated 20 min ago
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Netflix can’t fire its way out of this downward spiral

Netflix co-CEOs Ted Sarandos and Greg Peters assured investors this week that they have nothing to be concerned about.

Image accompanying the story: Netflix can’t fire its way out of this downward spiral
Image: The Verge · via The Verge

The Verge reports: Netflix co-CEOs Ted Sarandos and Greg Peters assured investors this week that they have nothing to be concerned about.

Sure, the company was going to lay off 1,000 employees, downsizing its product, tech, and legal departments, and was ousting its chief content officer, film chairman, and film vice president. But it had also hired a.

This entertainment story centres on the United States. Names and organisations mentioned in the coverage include CEOs Ted Sarandos and Greg Peters.

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Key details

Location
United States · Americas
Reported by
The Verge
First reported
Key names
CEOs Ted Sarandos, Greg Peters
Section
Entertainment

Sources

This is an independent summary. Read the full, original reporting from the publisher:

Read the full story at The Verge

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