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Friday, October 23, 2026Updated 15:22 UTC

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Netflix can’t fire its way out of this downward spiral

Source: The Verge · Oct 23, 2026 13:00 UTC

Wall Street in New York's Financial District with flags hanging from buildings — File photo Carol M. Highsmith / Library of Congress · Public domain · Source

The Quick Take

Netflix co-CEOs Ted Sarandos and Greg Peters assured investors this week that they have nothing to be concerned about. Sure, the company was going to lay off 1,000 employees, downsizing its product, tech, and legal departments, and was ousting its chief content officer, film chairman, and film vice president. But it had also hired a […]

Read the full story at The Verge

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