Bela Bajaria is leaving her post as Netflix chief content officer, and has been replaced by Peter Rice, the former general entertainment chairman of the Walt Disney Company. The move comes after a series of recent stock struggles and layoffs, with many considering Bajaria too big to fail despite her abrupt exit. Industry players have described Bajaria's dismissal as a scapegoat for Netflix's content woes, echoing similar removals in the company's history.

Reported by Variety, NDTV, The Hindu.