Netflix TV Executives Lisa Lang McMullen, James Oh, Carolina Garcia and Andrew McQuinn Among Layoffs - The Hollywood Reporter
Netflix has laid off approximately 1,000 employees, including several high-level TV and film executives, as part of a corporate reorganization. The company stated the cuts are necessary to maintain discipline and focus on high-impact growth areas.
Why it matters
The layoffs signal a shift in strategy for the streaming giant as it balances aggressive content investment with the need to satisfy investor expectations for growth.
Among the roughly 1,000 Netflix staffers laid off on Wednesday were TV executives Lisa Lang McMullen, James Oh, Carolina Garcia and Andrew McQuinn.
McMullen was most recently director of overall deals and series at Netflix , Oh was director of drama series, Garcia and McQuinn both held the title of director of original series.
Also laid off were Jason Pan, manager of original series, Aaron Davidson, manager of adult animation comedy, and Dan Evans, manager of original animation.
The Netflix cuts impacted about 6 percent of employees, mostly from its product, tech, legal and HR teams. It is the streamer’s largest layoff since 2022. The movie division was also impacted in the reorg, with film vp Doug Belgrad and exec Sheroum Kim exiting.
Netflix co-CEOs Ted Sarandos and Greg Peters announced the staff reduction via email this morning.
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