The streaming giant is eliminating 6% of its workforce and replacing its top content executive, but construction of its massive Fort Monmouth production campus is continuing with no announced cuts to the New Jersey project.
OCEANPORT, NJ — Netflix is eliminating approximately 1,000 jobs worldwide as the streaming giant restructures its operations, raising questions about the future of its ambitious $1 billion film and television production complex under construction at Fort Monmouth.
The company announced the layoffs Wednesday, October 14, affecting roughly 6% of its global workforce. The cuts primarily target employees in technology, product development, legal services and human resources.
A day later, Netflix announced another major change: Chief Content Officer Bela Bajaria was leaving the company, with former Disney executive Peter Rice appointed to replace her effective October 26…