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Netflix shares under pressure as chief content officer departs

Source: proactiveinvestors.com

Management & GovernanceMedia & EntertainmentCompany Fundamentals
Netflix shares under pressure as chief content officer departs

Netflix Chief Content Officer Bela Bajaria is leaving after 10 years, and Disney veteran Peter Rice has been confirmed as her replacement. The announcement came a day after Netflix said layoffs would affect 6% of staff; Netflix shares were down 2% on Friday.

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