According to a new story from Bloomberg, which was partially corroborated by Netflix, the company is reorganizing its film units and promising to develop fewer but better movies.
Netflix’s Future Plans
Many people, including two longstanding executives, have lost their jobs as a result of Netflix’s decision to merge its film divisions in order to produce both short and medium-sized films. Scott Stuber, Netflix Film’s chairman, has been trying to reduce production to increase the number of high-quality films. Lisa Nishimura, who has contributed to some of Netflix’s most successful shows, and Ian Bricke are both departing the company.
Since the beginning of last year, Netflix has reduced its workforce by a total of 350 workers, including 25 members of its editorial team. The layoffs follow a string of reductions in personnel at Netflix over the past year, including the dismissal of 150 employees in May 2022, 300 more in September, and 25 members of the editorial staff only five months after the debut of Netflix’s internal Tudum publication.