Netflix film chief Dan Lin is out after the streamer's biggest layoff since 2022

Summary

Netflix's film chief Dan Lin is out after two years, the latest top executive to exit following a 6% cut at the streamer, its biggest since 2022, Business Insider reported on Monday 19 October. New content chief Peter Rice, a Hollywood veteran and former executive at Disney and Fox who replaced chief content officer Bela Bajaria, also out in recent days, will oversee film until a new head is announced, Netflix said in a statement confirming Lin's departure, according to Business Insider. Netflix laid off 1,000 employees, about 6% of global head count, last week, and the streaming giant has been hampered by slowing engagement growth and a stock price that has declined more than 40% over the past year, Business Insider said, adding that Netflix is set to report third-quarter earnings after the bell on Tuesday.

Latest: Netflix's film chief Dan Lin is out after two years, the latest top executive to exit after the streamer's biggest layoff since 2022, with new content chief Peter Rice to oversee film until a successor is announced, Business Insider reported.

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