After laying off 1,000 employees, Netflix cuts film chief Dan Lin amid slowing engagement growth
Lin’s tenure and departure
Netflix confirmed Lin’s departure in a statement. He was hired as film chair in 2024, tasked with adding cost discipline and variety to the company’s films. Under Lin, Netflix cut large upfront payments to actors, reduced staff, and reorganized the film department. The slate during his tenure included Oscar-winning “KPop Demon Hunters,” “Happy Gilmore 2,” and “Frankenstein.”
More leadership changes
Lin’s exit follows the departure of chief content officer Bela Bajaria in recent days. Hollywood veteran Peter Rice, a former executive at Disney and Fox, replaced her. Rice will oversee Netflix’s film operations until the company names a new head, according to its statement. The company has not announced who will take over from Lin.
Earnings report ahead
Netflix is scheduled to report third-quarter earnings after the bell on Tuesday. The report will come amid the company’s leadership changes and workforce cuts. The company has been adapting its programming approach as it responds to changing competition and audience habits. Its latest moves include adding content from podcasters and creators.
Key points
- Netflix confirmed Dan Lin’s departure after hiring him as film chair in 2024.
- Peter Rice will oversee film until Netflix announces a new leader.
- The company laid off 1,000 employees last week, about 6% of its global workforce.
- Netflix is due to report third-quarter earnings after the bell on Tuesday.