- Video streaming service Netflix Inc is restructuring its film group, which will result in layoffs and the departure of two of its most experienced executives.
- As part of the restructuring, Netflix will combine small and midsize picture productions units, resulting in a few job cuts, and scale back the company's output to ensure high-quality titles, the report said.
- It will also centralize decision making of different divisions.
- Netflix did not immediately respond for comments.
