Netflix Shakeup: Peter Rice Is Welcomed Back To Executive Ranks While Bela Bajaria’s Exit Has Layoff-Weary Staff Bracing For More Upheaval

Deadline · October 16, 2026

Call it the six-year itch — amid a sliding stock price and slowing engagement growth, Ted Sarandos has made a change, replacing Chief Content Officer Bela Bajaria, a 10-year Netflix veteran, with Peter Rice. The Netflix

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