Netflix Assures Staff: Warner Bros. Deal Won't Mean Layoffs

• Netflix co-CEOs Ted Sarandos and Greg Peters reassured staff that the Warner Bros. Discovery deal will not lead to job losses or studio shutdowns.
• The executives stated in a letter that the proposed acquisition is about "growth" and strengthening Hollywood studios, not "overlapping or shutting" them.
• Netflix is pursuing a $72 billion deal for Warner Bros. Discovery's assets, including HBO, HBO Max, and Warner Bros. Studios.
• The deal faces uncertainty due to a rival $78 billion all-cash bid from Paramount–Skydance.
• If completed, the acquisition would give Netflix ownership of iconic content like Harry Potter, Lord of the Rings, and HBO's Game of Thrones.

Why It Matters: Netflix reassures employees about the Warner Bros. Discovery deal, promising no layoffs despite rival bids.