Netflix Film VP Doug Belgrad Out In Layoffs

Key Points:

• Netflix has laid off film division executive Doug Belgrad as part of its largest restructuring in four years, cutting around 1,000 employees, or 6% of its workforce, to reorganize and reduce costs.
• Belgrad, who joined Netflix in 2024 after a long tenure at Sony, managed over 30 production executives within the film division, overseeing original live-action titles but not animation or acquisitions.
• During his time at Netflix, Belgrad worked closely with top talent on major projects including Guillermo Del Toro’s Frankenstein and Greta Gerwig’s Narnia: The Magician’s Nephew, and recently celebrated the premiere of Ben Affleck’s Animals.
• Netflix co-CEOs Ted Sarandos and Greg Peters emphasized that despite the layoffs, the company’s business remains strong and growing, with continued investment in high-impact areas to drive innovation and growth.
• Belgrad continues to serve as chairman of 2.0 Entertainment, his production company working on projects like Unabomber and The Pope’s Exorcist sequel, while co-financing films with Sony and Paramount.