Netflix has replaced its Chief Content Officer, Bela Bajaria, following a significant workforce reduction. Bajaria, who had been with the company for a decade, will be succeeded by former Disney executive Peter Rice. This executive change occurs as Netflix faces investor pressure to produce more hit content and increase viewer engagement. The company's stock has seen a notable decline over the past year. These moves signal a strategic shift in response to market challenges and competition.
Los Angeles, California
https://www.latimes.com/entertainment-arts/business/story/2026-10-15/netflix-bela-bajaria-leaves-company-after-major-layoffs