Netflix names Peter Rice chief content officer amid layoffs
Netflix announced the appointment of former Disney executive Peter Rice as chief content officer in Los Angeles, continuing a large layoff and reorganization. The move follows the company's earlier notice that chief content officer Bela Bajaria would leave after a decade, with Rice named as her successor amid slowing growth and ongoing cuts. Earlier reports detailed Bajaria's departure and Rice's selection as part of a broader restructuring effort aimed at addressing the company's recent performance challenges.