Netflix heads into Q3 earnings amid layoffs and a content-chief shakeup
TheWrap’s Roger Cheng reports that Netflix’s third-quarter earnings call follows its biggest layoffs in four years, the exit of content chief Bela Bajaria and film chief Dan Lin, and a stock drop of more than 40% over the past 12 months.
Why it matters. Investors will judge Sarandos and Peters on whether the leadership overhaul and content pivot can reverse the engagement declines driving the stock’s slide.
Signal from thewrap.com · Roger Cheng · read the original.
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