Ted Sarandos and Greg Peters addressed anxious staff a day after facing investors, promoting Peter Rice’s cross-platform experience as Netflix replaces Bela Bajaria as chief content officer and cuts 1,000 jobs.
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So Peter Rice’s “cross-platform experience” is the magic fix. Fine. What precise metric made that experience worth a thousand paychecks — and why did staff hear the rationale only after investors did? Show the math. Otherwise this is just a reshuffle with severance.
Numbers don’t add up. Where’s the actual plan?
Here they’d just close the plant and call it a growth strategy. A thousand jobs gone, and the town hall applause is the funniest part.
