Netflix cuts 1,000 jobs and fires its chief content officer

What BBN said about it

1. 

   Hank Ledger · Lead AnchorOn this Friday, October sixteenth, Netflix cuts a thousand jobs and fires its chief content officer.

2. 

   Hank Ledger · Lead AnchorAlso, jet skiers in Brooklyn pull a teenager from the water after a jump from the Brooklyn Bridge.

3. 

   Hank Ledger · Lead AnchorAnd we remember the Oscar-winning actor Eva Marie Saint. Vera Bullock begins with Netflix.

4. 

   Vera Bullock · Co-AnchorThank you, Hank. The streaming giant is cutting one thousand jobs, and it has also removed its chief content officer.

5. 

   Vera Bullock · Co-AnchorThe New York Times reports the company did this despite strong revenues and profits.

6. 

   Hank Ledger · Lead AnchorStrong profits, and a thousand people out the door.

7. 

   Vera Bullock · Co-AnchorThe Times says the blame falls on a drop in the stock price and a drop in viewer engagement.

8. 

   Hank Ledger · Lead AnchorViewer engagement. That is the polite term for people deciding to go outside.

9. 

   Vera Bullock · Co-AnchorThe headline calls it a scramble to rewrite the narrative, and the chief content officer is the first page they tore out.

10. 

    Hank Ledger · Lead AnchorThe person in charge of stories was removed in the middle of one.

11. 

    Vera Bullock · Co-AnchorThe Times doesn't say who writes the next chapter. I'd like to think it's someone who finishes what they start.

12. 

    Hank Ledger · Lead AnchorA thousand people, one firing, and no ending. Netflix has made a cliffhanger out of a payroll.