Netflix announced on October 15 that it will lay off 6% of its workforce ahead of its third-quarter earnings report. The company is scheduled to release its Q3 2026 financial results on October 20. Additionally, on October 16, Netflix appointed former Disney executive Peter Rice as its Chief Content Officer. These developments occur as the streaming giant prepares for its upcoming quarterly performance review.
The streaming giant taps the veteran media executive to lead its content strategy and strengthen industry relations following recent organizational shifts.
Read the full storyNetflix announced a 6% workforce reduction just days before its scheduled Q3 2026 financial results release on October 20.
