Netflix Shares Slide 2.4% in Premarket Trading After Content Chief Exit and 1,000 Job Cuts

Netflix fell 2.4% premarket after replacing its content chief and cutting 1,000 jobs ahead of Q3 earnings. The moves raise execution and transition risk, signaling cost discipline but also content strategy uncertainty. Near-term pressure likely remains on Netflix shares and could weigh on streaming sentiment, though broader market impact is limited.