Netflix slashes product team roles amid leadership reshuffle

Netflix has reportedly laid off several dozen staff in its product division as part of an internal reorganisation, according to Deadline.

Sources cited by the outlet said the cuts were concentrated in middle management and administrative roles, and amounted to less than 1 per cent of the division’s roughly 6,000 employees.

Elizabeth Stone, Netflix’s chief technology officer, was promoted to chief product and technology officer on 2 February. Stone’s remit now spans the company’s product, engineering and data teams.

No senior product executives were reportedly impacted by the layoffs.

What has changed in Netflix’s product leadership

Netflix’s previous chief product officer, Eunice Kim, left the company in September after four years in the role.

The outlet reported Kim’s tenure included the first major update to Netflix’s user interface in more than a decade, which management had linked to subscriber growth.

Subscriber update and broader context

While Netflix no longer reports quarterly subscriber numbers, it said in its fourth-quarter earnings update last month that it ended 2025 with more than 325 million subscribers.

The outlet also noted workforce reductions have become common across the tech sector, with companies citing restructuring and the impact of AI on certain roles.

Mediaweek has reached out to Netflix Australia for comment.

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