There has been a lot of stress in the entertainment industry as a result of the recent strikes. Now Netflix is making some big changes as it’s been revealed that the company has made several cuts.
It’s been shared via Deadline that the layoffs were a result of “its drama and overall deals decisions.” The cuts include Netflix executives such as Alex Sapot and Pete Corona.
Of course, this is far from the only such move by Netflix. In fact, the home of Rebel Moon is said to have laid off around 150 executives last May. This was followed by an additional 300 layoffs last June.
The publication adds that “Sapot has been with the company for over seven years and was director, original series.” As for Corona, he “was Director of Drama Series and was with the company for over five years.” Additionally, Deadline reveals that “Laura Delahaye, who was Director, Overall Deals, is also leaving.”
Other layoffs include a decision from September 2022 where Netflix is said to have “laid off around 30 employees in its animation division following a restructure of that team.” Though there were also other recent restructures as well.
“More recently, last month,” Deadline shares, “the company also restructured its business affairs and legal team with a handful of senior lawyers including Bryony Gagan leaving their positions.”
It’s clear, then, that Netflix has been eager to restructure their company for a competitive and uncertain industry. It’s likely we’ll continue to see such changes made, especially with the current strikes having greatly impacted their 2024 release schedule. Especially for such projects as Stranger Things Season 5.
On that final note, Deadline also reveals that other streaming services and companies have been making a number of layoffs this year. “Amazon, Warner Bros. Discovery, Disney, ESPN, Paramount, Conde Nast, Spotify, Fifth Season, Vice, Lionsgate and Roku” are among the companies listed.