After only three years, Netflix has fired its film chief, Daniel Lin. Last week, Netflix fired its chief content officer, Bela Bajaria.

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• Netflix's film chief Dan Lin is out after two years.
• He's the latest top exec to exit following a 6% cut at the streamer, its biggest since 2022.
• New content chief Peter Rice will oversee film until a successor to Lin is announced.

Film head Dan Lin is out at Netflix, the latest exec to be ousted in the wake of the streamer's biggest layoff since 2022.

Lin was hired as film chair in 2024 with a mandate to bring greater cost discipline and variety to Netflix's films, which had focused on big-budget output under his predecessor, Scott Stuber. Lin cut big upfront paychecks to actors, reduced staff, and reorganized his department. He oversaw a slate that included Oscar-winning "KPop Demon Hunters," "Happy Gilmore 2," and "Frankenstein."

Lin's exit is the latest big shocker at Netflix. Also out in recent days was chief content officer Bela Bajaria, who was replaced by Hollywood veteran Peter Rice, a former exec at Disney and Fox.

Rice will oversee film until a new head is announced, Netflix said in a statement confirming Lin's departure.

Last week, Netflix laid off 1,000 employees, or about 6% of global head count. That was the streamer's largest cull since 2022, when the company lost subscribers for the first time in more than a decade.

The streaming giant has been hampered by slowing engagement growth and a stock price that has declined more than 40% over the past year. The streamer is contending with the rise of free, ad-supported streaming led by YouTube and the popularity of social video. In recent months, Netflix has turned to podcasters and creators to bulk up its library.

Netflix is set to report third-quarter earnings after the bell on Tuesday.

• Melanie Dulbecco has been CEO of the syrup company Torani for 35 years.
• Dulbecco said layoffs are a choice, and that Torani's decision not to do them has helped with retention.
• She said that the company is hiring fewer people than it would be if Torani didn't use automation.

This as-told-to essay is based on a conversation with Melanie Dulbecco, the CEO of syrup brand Torani. She's based in San Leandro, California, where the company is headquartered. This story has been edited for length and clarity.

I may sound different than most CEOs.

I grew up in a blue-collar neighborhood, and my parents divorced when I was really young. When I was little, I saw my mom struggle so much, and I noticed that some kids around me didn't have the same opportunities.

I felt this sense of inequity, and that became a motivating and driving force for me. I tried working in politics, then nonprofits, and eventually went into business. I wanted to build an opportunity company. When I met the family from Torani, they liked that idea.

I was the ninth hire at Torani in 1991 and became the first CEO in 1995. We now have over 500 employees.

When I started, we made $700,000 a year in annual revenue. We've grown 20% a year on average, and this year, we plan to hit over $800 million in revenue.

But to us, growth is not a financial endeavor. The trailing indicator of success may be the financials, but we think our work together creates the momentum and value in the marketplace that drives our growth.

It's very easy for us to say layoffs are not our approach. I think layoffs are a choice. I get it if a company is going through bankruptcy and has to make extremely challenging choices. Otherwise, I think it's a financial exercise that doesn't consider how you're going to be resilient or regain momentum — because you do that with a team.

Our workers aren't concerned about being replaced by AI

Torani is currently hiring fewer people than it would be if the company didn't use automation. We use automation to deprioritize manual, rote jobs with limited career mobility. We also use AI for consumer and market research, sales forecasting, and demand planning.

However, our team doesn't get worried about things like AI because they trust that we will both automate and elevate the work, that we will never do anything that squashes opportunities for people, and that we are looking out for everybody's success.

We're often in hyper-growth mode, which means we need people to know how to work together. The ability to work together, to collaborate, to address challenges, to be resilient in tough times, is critical. This strategy has also helped with retention.

We were faced with a choice during the pandemic

We had been planning a move to our new location in San Leandro in March 2020. That happened to coincide with the stay-at-home order. It was one of those moments where, as a leader, you feel like you have to breathe into a paper bag.

We had borrowed a lot of money from the bank to build our new flavor factory. The loans were going to start coming due in April, so the executive team came together to look at what we needed to do to be OK.

Before we did that, though, we asked: What will make us proud when we get to the other side of this? We had a long discussion about it and decided that making it as one team — without any layoffs or furloughs — would make us proud.

So we we scaled back marketing and advertising expenses and paused all company travel. All departments had to review their budgets. They got scrappy to identify and eliminate non-essential costs.

During the early months of the pandemic, Torani prepared for a 50% decline in sales. Thankfully, there was only a 20% decline in April of 2020, and revenue was back up in May. We quickly pivoted to online retail and grocery to fill the gaps left by cafés and drink shops closing their doors. Torani ended 2020 with a 15% year-over-year revenue increase.

We moved to our new location in six months instead of six weeks, but we got there. We couldn't have done that if we laid off our team. We needed to come together at that moment.

• Disney plans to pay $60 million to hire 66 employees from Character.AI, which filed for bankruptcy.
• Former Character.AI Karandeep Anand is Disney's new chief technology officer.
• CEO Josh D'Amaro's company laid off tech staffers in September in its third round of cuts this year.

Disney is paying up for employees from an AI chatbot startup that filed for bankruptcy, shortly after trimming its own tech workforce.

The Mouse House plans to pay $60 million per year to 66 workers from Character.AI, according to a Chapter 11 filing on Tuesday from its parent company. In mid-September, Disney hired Character.AI CEO Karandeep Anand to be its first-ever company-wide tech chief. (The company hasn't yet disclosed how much it's paying Anand.)

These additions are part of Disney's AI strategy under CEO Josh D'Amaro, who's been investing in the media giant's tech platforms to help jumpstart a stagnant stock that's up less than 2% in the last 12 months and is down over 36% in the last five years.

Disney's decision to bring in these Character.AI staffers came two weeks after it laid off several hundred workers — including some tech employees. The late-September cuts were Disney's third major round of layoffs since D'Amaro took over in mid-March.

In addition to the $60 million in compensation, Disney is setting aside an additional $30 million for an "aggregate retention pool" to incentivize Character.AI employees to stay. The company expects to spend $180 million on "total compensation and retention" for these staffers in the next three years, the filing said.

Of the 66 Character.AI staffers who were offered jobs by Disney, 56 have already resigned from the AI startup, while the other 10 are waiting for the US government to update their work visas.

Entertainment lawyer Corey Martin of Granderson Des Rochers, who advises companies on media transactions, said he's not surprised by those pay figures since Character.AI's employees are its biggest asset.

"They're highly compensated employees. The numbers can be eye-popping, but it's not that unusual in this space," said Martin, who didn't work on the deal or with Disney.

Disney also agreed to pay $20 million for Character.AI's key assets, including some of its IP and tech. Other companies can submit competing bids for the assets by November 20. The entire process will be overseen by a bankruptcy court judge. Disney didn't respond to requests for comment for this story.

Character.AI filed for bankruptcy after facing lawsuits from families who alleged that their teenagers harmed themselves or committed suicide after using the company's custom AI chatbots. The AI startup and Google, one of its backers, settled several child safety lawsuits earlier this year.

Disney sent a cease-and-desist letter to Character.AI last fall, telling it not to create AI chatbots featuring its copyrighted characters without permission. Character.AI complied, removing chatbots with characters from Disney franchises like Star Wars and Marvel.

In its bankruptcy announcement, Character.AI said that it had been facing "significant legal, regulatory, and operational headwinds."

Anand told Disney employees in a memo last Friday that the Mouse House was "uniquely positioned to win" in a competitive media business that he said was "at an inflection point." The tech chief also said he enjoyed meeting his new colleagues and looked forward to working with them.

"What stands out most is the talent and care this team puts into its work, the craft Disney has perfected, and the strong foundation you've built," Anand said.