It's now in open warfare with YouTube and its infinite, cheap content. The new plan may be to recalibrate around the U.S. market once again, with a focus on the big and buzzy and, yes, franchise-worthy.

Netflix is profitable and still growing. So why did it lay off 6% of its employees, cutting 1,000 jobs in its biggest workforce reduction to date?

While Netflix continues to lead subscription streaming services, the company has continued to face growing scrutiny over how it plans to grow the Los Gatos company in the future.

Despite strong revenues and profits, the streaming service cut 1,000 jobs and jettisoned its chief content officer. Drops in the stock price and viewer engagement are to blame.

The streamer took home seven awards at the 2026 Academy Awards, and at this year’s Emmy Awards, the Netflix original Remarkably Bright Creatures earned the award for outstanding movie and outstanding lead actress for Sally Field’s role as a woman who befriends a giant Pacific octopus.

The exec had been at the streaming giant since 2024, when he was hired by film chief Dan Lin.

La Bola Negra,' a first from Netflix to get a box office report, and buzzy Elizabeth Holmes doc 'You Can See Everything' are new indie films opening.

Netflix plans to lay off about 6% of its workforce as part of wider organizational changes. Co-CEOs Greg Peters and Ted Sarandos announced the cuts in a memo to employees on Wednesday.

The winds of fortune in Hollywood can change swiftly. Bela Bajaria is out as chief content officer at Netflix after a decade where she stewarded hits such as "Bridgerton," "Squid Game," "Adolescence," "Arcane" and "Stranger Things,

Forget the Netflix top 10: 3 best new thriller movies to stream on Netflix — including a criminally underrated one starring Jake Gyllenhaal