Netflix Appoints New Content Chief

Netflix has announced the departure of Chief Content Officer Bela Bajaria after ten years, amidst staff layoffs due to declining viewership. Peter Rice has been appointed as the new chief content officer. Bajaria oversaw a $20 billion content budget and contributed to the success of shows like “Squid Game” and “Wednesday.” The company recently laid off 1,000 staff members, representing 6% of its workforce.

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