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Netflix Cuts Deep: Top Execs Among Layoffs
14 Oct
Summary
- Netflix is laying off approximately 1,000 employees, impacting 6% of its workforce.
- Several executives in TV development and production have been let go.
- Longtime director Carolina Garcia, who oversaw major creator deals, is among those departing.
Netflix has undergone a substantial workforce reduction, with approximately 1,000 employees being laid off, constituting about 6% of its global staff. While the largest impact was anticipated in product, technology, legal, and HR teams, the programming division has also seen significant cuts.
Several key executives in TV development and production have departed the streaming giant. Among the notable departures is Carolina Garcia, who served as director of original series since 2016. Garcia was instrumental in establishing deals with creators like The Duffer Brothers and overseeing popular series such as "Stranger Things."
Other executives leaving include Lisa Lang McMullen, Andrew McQuinn, James Oh, and Jason Pan, all holding director or manager roles in series development and production. These departures come as Netflix continues its strategic adjustments in its content operations.
