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 six 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.
“Our mission — to entertain the world — is ambitious, and delivering on it requires us to be disciplined about where we prioritize our people and resources,” the co-CEOs wrote in the memo, which was obtained by THR. “Our business is strong and growing, and we remain on track to deliver our full-year forecast. We’ll continue to invest aggressively in high-impact areas to improve our service and further drive growth and innovation. Doing that means making focused choices across the business so we can keep delivering for our members, partners, employees, and investors.”
“We know changes like this are tough, but let’s stay focused. This is one of the most dynamic times in the history of entertainment — and it’s a moment perfectly suited to a company like ours that’s built at the intersection of technology and entertainment,” Sarandos and Peters continued. “Now it’s on us to step up and meet the moment, together, like we always do.”
Netflix will reveal its third quarter earnings next week.
At Bloomberg’s recent Screentime event, Sarandos acknowledged that Netflix is “not growing as fast as I want us to.” The streaming leader’s engagement is especially not up to snuff — Netflix hopes recent hits like Below and East of Eden can boost its usage time.
Deadline first reported the news of the director- and manager-level TV layoffs.