Netflix Reassures Staff: Warner Bros. Discovery Deal Won't Lead to Layoffs

• Netflix co-CEOs Ted Sarandos and Greg Peters assured employees that the proposed Warner Bros. Discovery deal will not result in job losses or studio shutdowns.
• The executives addressed staff concerns amid a rival bid from Paramount–Skydance for Warner Bros. Discovery.
• Netflix's letter emphasized that the deal is about growth, strengthening Hollywood studios, supporting jobs, and ensuring a healthy future for film and television production.
• Netflix aims to finalize a $72 billion deal to acquire HBO, HBO Max, and Warner Bros. Studios, despite Paramount–Skydance's $78 billion all-cash rival offer.
• The acquisition would give Netflix ownership of a vast library including classics, major franchises like Harry Potter, and HBO's acclaimed series like Game of Thrones.

Why It Matters: Netflix assures employees that its Warner Bros. Discovery acquisition is for growth, not layoffs, despite rival bids.