Netflix, Inc.

Money Moves

Cutting about 1,000 jobs; filed California notices for 267 Los Angeles and 227 Los Gatos positions in October 2026, and chief content officer Bela Bajaria and other top executives have left

Netflix filed California layoff notices in October for 267 Los Angeles jobs and 227 at its Los Gatos headquarters. They cover part of about 1,000 cuts worldwide, roughly 6% of the company's staff. An August notice covered 59 more Los Angeles jobs, and the Los Angeles Times described the October round as believed to be the largest in Netflix's history.

Updated Oct 28

Money Moves

Cutting 6% of staff and guiding to weaker fourth-quarter profit

Netflix is cutting about 1,000 jobs, roughly 6% of its staff, and has replaced content chief Bela Bajaria with Peter Rice, the former Disney and Fox executive who now oversees a content budget of about $20 billion. Film chief Dan Lin also left, and the company told employees the cuts were part of an internal plan it called Project Meridian, according to the Wall Street Journal.

Updated Oct 22

Money Moves

As of October 2026: Withdrew from WBD bidding February 2026; collected $2.8B breakup fee; stock rose about 10% on news of withdrawal

On October 6, Paramount Skydance completed its $110 billion acquisition of Warner Bros. Discovery, creating a combined company named Skydance and ending a 13-month bidding war that survived federal and state antitrust challenges. The deal closed after a federal judge approved a settlement with 12 states on September 30, and shares of Skydance began trading on the NYSE under the ticker SKYD.

Updated Oct 9

Money Moves

As of July 2026: Repricing its own story around advertising

Netflix reported second-quarter results on July 16, 2026, and pointed investors at one number: advertising. The company said its ad business should nearly double this year, approaching a $3 billion annual run-rate.

Updated Jul 16

New Capabilities

As of May 2026: Successfully broadcast Skyscraper Live despite streaming issues and widespread commentary criticism; viewership figures pending

Alex Honnold summited Taipei 101 without a rope on January 25, 2026 — 1,667 feet of glass, steel, and concrete in 1 hour, 31 minutes, and 40 seconds, the highest urban free solo in history. He said: "Sick."

Updated May 23

Money Moves

As of May 2026: Acquirer; dominant global subscription streaming platform

On December 5, 2025, Netflix announced a definitive deal to acquire Warner Bros.' film and television studios and streaming businesses, including HBO and HBO Max, valued at $72 billion in equity and $82.7 billion including debt. On January 20, 2026, the parties amended to an all-cash structure at $27.75 per share, with a shareholder vote expected by April 2026.

Updated May 10

Money Moves

As of May 2026: Acquirer; largest global subscription streaming platform

After Netflix and Warner Bros. Discovery announced their $72 billion equity-value agreement on December 5, the transaction quickly became a live bidding contest and a regulatory test case. On December 8, Paramount Skydance launched an unsolicited all-cash tender offer at $30 per share to derail the Netflix deal and keep WBD intact, including networks slated for its Discovery Global spin-off. Within days, Netflix began a coordinated shareholder push backing its signed merger agreement and emphasizing regulatory execution, while WBD prepared formal filings to respond to the tender offer.

Updated May 9