Netflix Just Fired Its Content Chief While Turning a Profit. That's the Tell.
Companies don't usually gut their workforce when the balance sheet looks fine. Netflix posted $11 billion in net profit last year on revenue that grew 16% to $46.6 billion, and it's still projecting 13-14% growth this year with operating margin climbing toward 31.5%, according to Variety. It has $9.1 billion in cash and debt it can easily service. None of that stopped Netflix from cutting roughly 1,000 jobs — about 6% of its workforce, its largest reduction since 2022, per Forbes — and pushing out chief content off...











