# Netflix Co-CEOs Address Layoffs and Executive Changes

> Netflix co-CEOs Ted Sarandos and Greg Peters explain post-layoffs executive shakeup after cutting 1,000 staff.
- Title: Netflix Co-CEOs Address Layoffs and Executive Changes
- Summary: Netflix co-CEOs Ted Sarandos and Greg Peters explain post-layoffs executive shakeup after cutting 1,000 staff. Netflix cut 1,000 employees and replaced Chief…
- Keywords: netflix, ted sarandos, greg peters, layoffs, executive shakeup, chief content officer, peter rice, q3 earnings call, entertainment, culture, Co-CEOs, Address
- Source: Deadline — https://deadline.com/2026/10/netflix-town-hall-executives-layoffs-peter-rice-1237170147
- Author: Nellie Andreeva
- Published: 2026-10-22T00:46:41+00:00
- Read time: 1 min
- Topics: netflix, ted sarandos, greg peters, layoffs, executive shakeup, chief content officer, peter rice, q3 earnings call, entertainment, culture
## Netflix co-CEOs
Ted Sarandos and Greg Peters faced anxious investors after mixed Q3 earnings results.
## Layoffs and Executive Changes
Netflix cut 1,000 employees and replaced chief content officer bela bajaria with peter rice.
## Town Hall Meeting
Peters said job cuts are over for the foreseeable future after employees learned about layoffs via press.
## Key takeaway

Netflix cut 1,000 employees and replaced Chief Content Officer Bela Bajaria with Peter Rice after Q3 earnings call.