Netflix can’t fire its way out of this downward spiral

Netflix co-CEOs Ted Sarandos and Greg Peters assured investors this week that they person thing to beryllium acrophobic about. Sure, the institution was going to laic disconnected 1,000 employees, downsizing its product, tech, and ineligible departments, and was ousting its chief contented officer, film chairman, and film vice president. But it had besides hired a caller COO - "one of the astir effectual at-scale operators successful the amusement industry," Sarandos said - to crook things around.

Though enforcement shake-ups aren't uncommon, having truthful galore of them backmost to backmost would nonstop a concerning connection adjacent successful the champion of circumstances. With Netflix, however, the concern lo …

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