Netflix, a streaming service, is reportedly restructuring its film sector and is firing 15 people in this phase of the process.
The business did not disclose the names of the employees who were let go, but Dan Lin, the new director of cinema, is overseeing the restructuring, according to Deadline.
As the shuffle continues, more than 15 jobs may be eliminated, according to Deadline.
Netflix Enters Its Dan Lin Era https ://t.co/aI4dDmyv4v
— The Hollywood Reporter (@THR ) April 1, 2024
Scott Stuber, who left his position last quarter, is now Lin’s replacement.
Ori Marmur may lead the motion, dream, horror, and sci-fi titles in the restructuring, Kira Goldberg leading the family-friendly thrillers, Niija Kuykendall leading the family-friendly grouping, and Jason Young taking on comedies and rom-coms.
This restructuring started a few months ago, but the ultimate shape is not yet known.
The channel made a$ 5 billion deal to transmit the WWE in January, reporting 13 million new clients.
The company reported having its second-best quarter for new members ever, with a profit of$ 8.8 billion and an operating income of$ 1.5 billion in the fourth quarter of last year.
Netflix has mostly escaped widespread layoffs in various entertainment conglomerates.
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