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Netflix Film VP Doug Belgrad Is Out Amid Layoffs
Variety • • business
Key Points:
- Netflix is laying off approximately 1,000 employees, about 6% of its workforce, in its largest round of cuts to date, primarily affecting product, technology, legal, and HR teams.
- Doug Belgrad, Netflix’s film VP hired in May 2024 and responsible for managing the streamer’s original film slate, has been let go amid the restructuring.
- Sheroum Kim, director of film known for working on lower-budget releases like "Don’t Say Good Luck," was also confirmed to be among those laid off.
- Co-CEOs Ted Sarandos and Greg Peters emphasized that the company will support impacted employees throughout the transition and expressed gratitude for their contributions.
- Belgrad previously spent over 25 years at Sony Pictures Entertainment, most recently serving as president of its Motion Picture Group before joining Netflix.
