Netflix names Peter Rice chief content officer amid layoffs
Netflix announced that Peter Rice will replace Bela Bajaria as chief content officer, as the streamer implements a 6% workforce reduction and prepares for its upcoming earnings report. The move follows earlier reports that Bajaria, who had led the role for ten years, would depart and that Rice, a former Disney (and previously Fox) executive, was being considered for the post amid a broader restructuring and recent layoffs.