Netflix cuts dozens of roles in product, creative teams amid restructuring

• Netflix has cut dozens of roles from its global product and creative teams as part of an internal restructuring.
• The layoffs primarily impacted the creative studio unit, responsible for promotional materials like posters and in-app trailers.
• These job cuts align with a broader tech industry trend of restructuring and adopting AI tools; Atlassian, Block, and Amazon also announced layoffs.
• The restructuring was not linked to employee performance and affected only a small portion of the broader team.
• News follows Netflix receiving a $2.8 billion break-up fee from a failed Warner Bros. Discovery deal, which co-CEOs Ted Sarandos and Greg Peters deemed financially unreasonable.