Streaming giant Netflix is reportedly reorganizing its movie division, and has announced that it will lay off 15 employees in the early stages.
The company did not reveal the identities of those fired, but said the restructuring was being carried out by new film studio chief Dan Lin. deadline.
Deadline added that 15 or more positions could be eliminated if the shuffle continues.
Netflix enters the Dan Lin era https://t.co/aI4dDmyv4v
— The Hollywood Reporter (@THR) April 1, 2024
Lin recently replaced former department head Scott Stuber, who resigned last month.
The reorganization includes film projects grouped by genre, with Ori Malmur leading the action, fantasy, horror and science fiction films, and Kira Goldberg leading the thriller and family group. , Nija Quickendall will be responsible for faith-based, young adult and holiday productions. Jason Young plans to try his hand at comedy and romantic comedies.
The restructuring began several months ago, but final plans have not yet been finalized.
In January, the streamer reported adding 13 million new subscribers and announced a $5 billion deal to broadcast WWE.
The company said it had revenue of $8.8 billion and operating profit of $1.5 billion in the fourth quarter of last year, its second-best quarter ever for new subscribers.
Netflix is mainly mass layoffs It can also be seen in other entertainment conglomerates.
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