Netflix co-CEO Ted Sarandos. | Photo by Noam Galai/Getty Images Netflix co-CEOs Ted Sarandos and Greg Peters assured investors this week that they have nothing to be concerned about. Sure, the company was going to lay off 1,000 employees , downsizing its product, tech, and legal departments , and was ousting its chief content officer , film chairman , and film vice president .
But it had also hired a new COO - "one of the most effective at-scale operators in the entertainment industry," Sarandos said - to turn things around. Though executive shake-ups aren't uncommon, having so many of them back to back would send a concerning message even in the best of circumstances.
With Netflix, however, the situation lo … Read the full story at The Verge.
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