Netflix cuts 1,000 jobs and parts ways with film chief Dan Lin
Netflix announced that Dan Lin, the head of movies, will depart the streaming service as it revises its budgeting and theatrical release approach. The move follows the company's earlier disclosure of a layoff affecting roughly 1,000 employees—about 6% of its workforce—including senior executives in product, technology, legal, HR, TV development and unscripted divisions, and the prior exit of chief content officer Bela Bajaria.