Business

Netflix Executives Address Layoffs and New Leadership

Updated 2026-10-22 00:50 UTC 2 sources Neutral

Netflix co-CEOs Ted Sarandos and Greg Peters addressed layoffs and executive shakeups during a town hall meeting. The company laid off 1,000 employees and appointed Peter Rice as new CCO, emphasizing his experience across platforms.

Coverage timeline — 2 articles

Rolling Stone

Aaron Carter Estate Reaches Settlement With Walgreens Over Xanax Prescriptions

The singer's family settled wrongful death claims against the company and another pharmacy that filled Carter's prescriptions before his death in 2022

2026-10-22 00:39 UTC

Deadline

Netflix Co-CEOs Address Executive Shakeup & Layoffs In Town Hall, Talk Up New CCO Peter Rice’s Experience Across Platforms — Including Streaming

A day after Netflix co-CEOs Ted Sarandos and Greg Peters faced anxious investors on the company’s Q3 earnings call after reporting mixed financial results, the duo on Wednesday faced anxious staffers at a town hall meeting after laying off 1,000 and shaking up the executive ranks by replacing

2026-10-22 00:46 UTC