Netflix reportedly restructures internally, laying off dozens of employees from its global product team

格隆汇 March 13｜Netflix has laid off dozens of employees from its global product team as part of an internal restructuring. Netflix declined to comment or confirm the exact number of layoffs, but it is understood that the layoffs mainly involve the creative studio department. This team, composed of designers and producers, is responsible for creating posters, in-app trailers, and other marketing materials, as well as providing content for offline experiential events across content, product, and marketing divisions. As part of the restructuring, some employees were laid off, while others were transferred to different positions within Netflix. Sources said the layoffs were not related to individual employee performance, and the number of people laid off accounts for only a very small proportion of the entire team. The news of the layoffs comes as Netflix has just received a $2.8 billions breakup fee—Paramount and Skydance Media raised their hostile takeover bid for Warner Bros Discovery, forcing Netflix to abandon its previous deal.