Netflix Fires Film Head Dan Lin Amid Ongoing Restructuring
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Netflix announced that Dan Lin has been relieved of his duties as head of film. The decision follows a wave of layoffs that saw 1,000 employees—about 6 % of the global workforce—cut last week. Lin, who joined Netflix in 2024, will meet with his feature staff for a post‑mortem. A successor will not be named until Peter Rice takes over as Chief Content Officer from Bela Bajaria on October 26. Co‑CEO Ted Sarandos praised Lin’s “dedication to quality filmmaking” and “collaborative spirit.” The move comes as Netflix’s stock trades near $70, down 1 % from the day’s close. A company‑wide town hall with Sarandos and Greg Peters is scheduled for Wednesday.
Timeline
- On April 1 2024 Dan Lin hired to lead Netflix film division.
- On March 18 2026 Deadline reports Lin’s strategic shift toward lower‑cost features.
- On October 15 2026 Netflix announces one thousand layoffs and Lin’s firing.
- On October 15 2026 Netflix shares drop one percent after executive shakeup.
- On October 26 2026 Peter Rice assumes Netflix chief content officer role.