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# Bela Bajaria exits Netflix as Peter Rice takes over content
- URL: https://www.medianexis.com/bela-bajaria-exits-netflix-as-peter-rice-takes-over-content/
- Published: 2026-10-16T18:22:38.000Z
- Updated: 2026-10-16T18:22:39.000Z
- Description: Variety’s Rebecca Rubin reports that Bela Bajaria is leaving Netflix after 10 years as chief content officer, to be replaced by former Disney and Fox executive Peter Rice, as around 1,000 employees, 6% of the company, were laid off this week.
- Author: The Signals Desk
- Tags: Streaming, breaking, Rebecca Rubin, Netflix eyes major layoffs

**Why it matters.** Producers and talent now pitch a new chief content officer at a Netflix that is cutting staff because its growth has slowed.

*Signal from* [*variety.com*](https://variety.com/?ref=medianexis.com) *·* [*Rebecca Rubin*](https://www.medianexis.com/tag/by-rebecca-rubin/) *·* [*read the original*](https://variety.com/2026/film/news/netflix-bela-bajaria-leaving-layoffs-1236913504/?ref=medianexis.com)*.*