Netflix Film VP Doug Belgrad Out In Layoffs
The move is part of Netflix’s largest restructuring in four years, which cut 1,000 jobs, or about 6% of the workforce, the company said.
- On Wednesday, Netflix co-CEOs Ted Sarandos and Greg Peters announced 1,000 layoffs, around 6 percent of the workforce, including Vice President of Film Doug Belgrad's departure.
- Sarandos acknowledged last month the company was "not growing as fast as I want us to," prompting the restructuring amid competition from YouTube and TikTok.
- Belgrad served as Film Chairman Dan Lin's key lieutenant since 2024, marking Lin's first major hire after replacing Scott Stuber; he previously spent over 25 years at Sony Pictures Entertainment Motion Picture Group.
- According to the company memo, leaders will contact impacted staff "soon," with cuts primarily affecting product, technology, legal, and HR teams to meet full-year forecasts.
- This marks Netflix's largest restructuring in four years, exceeding the 2022 layoffs of about 450 staff, as analyst Ross Benes noted the firm remains reliant on subscription revenue approaching a plateau.
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Netflix is the market leader in video streaming, but is growing slower than expected. The duo from Paramount and Warner is also creating a strong rival. Now there is a job reduction.
Netflix Film VP Doug Belgrad Is Out Amid Layoffs
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…
Doug Belgrad Leaving As Netflix VP Of Film Amid Layoffs
Doug Belgrad is departing Netflix where he has been Vice President of Film for more than two years. His exit, which was confirmed by the streamer, is part of the major layoffs at Netflix today. Ironically, Belgrad was Head of Film Dan Lin‘s first hire after a round of layoffs when Lin replaced Scott Stuber and restructured Netflix’s film department. Before joining Netflix in May 2024, Belgrad spent 25 years, and was co-president under Amy Pa…
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